A CME data center outage caused a halt to futures and options trading, affecting trillions of dollars in contracts.

Odaily Planet Daily reports that CME Group's futures and options trading was suspended due to a data center outage, affecting markets worth trillions of dollars, including S&P 500 futures, US Treasury bonds, crude oil, gasoline, and palm oil. The forex platform EBS resumed service at 12 noon London time after several hours of downtime.

In Singapore, oil traders have stated that the CME is a key component of the global market mechanism. Gerald Gan, Deputy Chief Investment Officer at Reed Capital Partners in Singapore, noted that the outage was "very frustrating" and indicated that alternative platforms may not offer the same level of liquidity as the CME. Amelie Derambure, a portfolio manager at Amundi SA, said that it was fortunate Friday was a quiet trading day, otherwise it would have been a "significant obstacle."

The outage occurred the day after Thanksgiving, when US markets only traded for half a day. Emmanuel Valavanis, a London-based equity sales specialist at Forte Securities, stated that this happening on the last day of the month and year-end trading session, affecting trillions of dollars in trading, is extremely serious. This outage surpasses the several-hour downtime caused by a technical error in 2019. (Bloomberg)