CME futures outage caused FX spot pricing problems – Risk.net



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At least one non-bank was forced to pull prices, and NDFs also affected


outage

The absence of pricing information from CME’s futures contracts during the outage on November 28 caused major problems for some foreign exchange spot market-makers, forcing at least one non-bank to pull their prices altogether.

Non-deliverable forwards market-makers were also affected by the absence of interest rate futures data from CME.

A cooling problem in the CyrusOne data centre halted all CME

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