The Dow Jones (DJIA) opened higher on Friday following an hours-long outage from the Chicago Mercantile Exchange (CME) that disrupted futures and options trading across several global markets.
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The CME said that its Globex Futures & Options markets were impacted by a cooling issue at a data center facility operated by CyrusOne, although the issue was resolved at 8:30 a.m. Eastern Time.
“We have successfully restarted several chillers at limited capacity and have deployed temporary cooling equipment to supplement our permanent systems,” said a CyrusOne spokesperson.
Holiday Timing Limits Outage Impact
B. Riley Wealth Chief Market Strategist Art Hogan told CNBC that the damage could have been worse, as the outage occurred on the day after Thanksgiving, a day that historically experiences low trading volume.
Trading halts can disrupt price discovery among affected assets, although it appears the impact was limited in the U.S. stock market given the subdued holiday trading activity, with greater impact in the Asian and European markets.
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