CME Restores Forex Platform, Resumes Some Operations After Outage
The Chicago Mercantile Exchange (CME) has successfully restored its Forex platform following a significant technical outage. This disruption impacted various financial markets in Asia and Europe. The exchange resumed its trading operations just as the week was concluding, despite a holiday-shortened schedule in the United States.
CME’s Technical Recovery
The outage significantly affected the Globex Futures & Options markets, which are integral to CME Group’s trading volume. This platform is responsible for handling futures, options, and commodities trading, making up approximately 90% of CME Group’s overall transactions.
Operation Resumption Details
Trading operations on the restored platform commenced at 8:30 a.m. New York time. However, market activity was described as light. Traders encountered delays particularly with Treasury futures and options linked to the Secured Overnight Financing Rate.
Impact on Markets
- Technical issues impacted trading across financial markets.
- Resumption occurred after hours of disrupted services.
- Light volume persisted in various trading sectors.
The CME’s prompt actions ensured a swift recovery, allowing traders to re-engage in key operations after a frustrating gap in services.
