Trading at the Chicago Mercantile Exchange (CME) has been halted due to an issue at one of its data centres.
The exchange says it was forced to stop all futures trading ahead of the market’s open on Nov. 28 because of a cooling issue at one of its data centers located in the Chicago area.
In a statement, the exchange said that it is working to resolve the issue, although it may take some time for impacted contracts to be settled once the outage ends.
The Chicago Mercantile Exchange is a leading hub for futures and commodities trading, and all of its functions have reportedly been impacted by the data centre issue.
Areas of the market that are being harmed by the outage in Chicago include crude oil contracts and trading in U.S. Treasury bonds.
Chicago is also the largest exchange operator in the world for futures and options trading that is popular with both institutional and retail investors.
It is also the largest exchange for trading in agricultural commodities.
The outage comes amid a shortened trading week in the U.S. due to the American Thanksgiving holiday.
The stock of CME Group, which operates the Chicago Mercantile Exchange, has gained 21% this year to trade at $280.87 U.S. per share.
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