"The Chicago Mercantile Exchange (CME Group) gradually resumed trading on Friday after a cooling system at a CyrusOne data center malfunctioned. The failure temporarily halted futures, options, and currency markets, affecting traders worldwide. At around 8:30 a.m. local time (2:30 p.m. Amsterdam time), trading in futures and options on stocks resumed in full. Bonds and metals also resumed trading after the break, according to FactSet data. Trading in individual stocks remained active during the premarket phase."
"A spokesperson for CyrusOne, headquartered in Dallas, Texas, said the company responded proactively to a problem with the cooling system at the CHI1 facility. "On November 27, our CHI1 facility experienced a chiller plant failure affecting multiple cooling units," the spokesperson said. "Our engineering teams, along with specialized mechanical contractors, are on-site working to restore full cooling capacity." According to recent market data, up to 40 percent of data center energy consumption can be spent on cooling."
The cooling system at CyrusOne's CHI1 data center malfunctioned, temporarily halting CME Group futures, options, and currency markets, including Globex, EBS, and BMD platforms. Trading gradually resumed, with futures and options on stocks returning to full trading around 8:30 a.m. local time (2:30 p.m. Amsterdam time), and bonds and metals restarting after the break; individual stocks remained active in premarket trading. CyrusOne restarted multiple chillers with limited capacity, deployed temporary cooling equipment, and mobilized engineering teams and contractors to restore full cooling. Up to 40 percent of data center energy can be used for cooling, and chips require strict temperature control to operate. CME has experienced similar electronic trading shutdowns previously.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]