CME Trading Halt: Trillions in Contracts Frozen

Chicago Mercantile Exchange Group suffers significant trading halt due to data center fault, impacting trillions of dollars in contracts across multiple markets. Traders scramble for alternatives as liquidity may not be as good. Outage lasts longer than a similar error in 2019, raising questions about contingency plans. Limited trading in Treasury futures, but swap markets become more active. Fortunately, European and UK bond markets unaffected.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.