Outage - Back Up

Right. The CME Group would like you to forget about this little item. One or more of their data centers went down with no 'back-up' or 'fail-over' response for hours as this chart of the ES futures (SPY/CFD) 5-min time frame shows.

According to a news source:

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Commodities futures and options trading on CME Group’s popular platform was halted on Friday due to a technical issue at data centers, the world’s largest exchange operator said in a social media post.

“Due to a cooling issue at CyrusOne data centers, our markets are currently halted,” CME Group said in a statement posted on X. The company said it was working to fix the issue in the near-term.

Dallas-based CyrusOne operates more than 55 data centers in the U.S., Europe and Japan.

A host of commodities and agricultural goods contracts appeared to be disrupted by the outage. Futures prices for equity indices, including the S&P 500 and Nasdaq 100, also appeared to be impacted.

The outage contributed to already slow trading volumes across the globe following the U.S. Thanksgiving holiday on Thursday.

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Didn't they learn anything from the NYSE's fail-over response after the 9/11 attacks (putting additional data centers in New Jersey, etc.)? Prechter said in the internet age, issues like this would increasingly disrupt markets. And this one seems pretty tame. From what I can see, they are back up and running. What might we expect next?

TJ