CME partially restores operations With Restart of Forex Platform

Logo of CME Group

CME Group, the exchange operator, said in a post on X today, Nov. 28, that its BrokerTec markets in Europe and the US are open and trading, noting that both focus on fixed-income instruments. All other CME Group markets remain halted.

The update follows a technical glitch at one of the company’s data centers that suspended trading on its electronic platforms, triggering a temporary shutdown across global currency, commodity and futures markets on Friday.

The exchange said the issue resulted from a cooling system malfunction at its CyrusOne data centers, which halted trading in futures linked to currencies, commodities, Treasuries and equities. It added that support teams are working to resolve the issue and will notify market participants about reopening times.

The outage also affected the EBS foreign-exchange platform and froze price updates on key contracts, including Nymex crude, US Treasury futures, the S&P 500 index, palm oil and gold, according to LSEG data.

The disruption is the most extensive since a similar incident forced CME to halt electronic trading in certain agricultural contracts in 2014. Other global exchanges experienced smaller outages in 2024.

CME Group is one of the world’s largest derivatives marketplaces, operating several exchanges including the New York Mercantile Exchange (Nymex), the Chicago Board of Trade (CBOT) and the Commodity Exchange (COMEX).