Rolling coverage of the latest economic and financial newsThe Filter: The best Black Friday 2025 deals in the UK on the products we love‘Black Fraud Day’: shoppers warned over Black Friday scamsThe financial markets today have been hit by disruption caused a data centre fault.Trading of futures and options on the Chicago Mercantile Exchange has been halted since early this morning, disrupting markets across equities, foreign exchange, bonds and commodities.“Due to a cooling issue at CyrusOne data centers, our markets are currently halted. Support is working to resolve the issue in the near term and will advise clients of Pre-Open details as soon as they are available.”“When you’re trading cash equity like us, US futures give you an indication of where the market is going before the open. I can only imagine how complicated it must be for derivatives desks.”“It’s just a pain in the arse, to be honest.”Trading could be more volatile than usual today, as US markets open for half day and liquidity is likely to be thin. Added to this, a disruption on the CME trading exchange, could also affect trading across FX, stocks, commodities and some bonds.The problem is linked to a cooling issue at one of its data centers. This closure ultimately means that liquidity will be even thinner than usual on the Friday of Thanksgiving. If there is any sensitive market news flow or events, then moves could be exacerbated by liquidity issues, and there could be more volatility as a result. Continue reading...

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