CME’s Data Center Adds More Cooling After Outage, CyrusOne Says

CME +0.21%

(Bloomberg) -- The Illinois-based data center that supports the CME installed backup cooling capacity after a catastrophic outage that roiled world markets on Friday.

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“CyrusOne has restored stable and secure operations at its Chicago 1 (CHI1) data center in Aurora, Illinois,” according to a statement by the company that owns the data center. “To further enhance continuity, we have installed additional redundancy to the cooling systems.”

CME Group Inc., which operates one of the world’s largest exchanges for derivatives contracts, relies heavily on the Aurora data center it sold in 2016 to CyrusOne, a company now owned by KKR & Co. and Global Infrastructure Partners.

The cooling system failed at the data-center complex late Thursday and temperatures soared to over 100F (38C). While CME’s disaster recovery plan calls for a move to a data center in the New York area, the exchange opted against switching to a backup facility because the information it had pointed to a brief outage.

Instead it lasted for hours. Starting in Asia and rippling across the globe, trading in everything from gold and oil to wagers on the direction of US interest rates came to an abrupt halt.

Most operations were finally restored Friday afternoon US time. Regulators at the Commodity Futures Trading Commission were aware of the situation and conducting routine market monitoring, according to a spokesperson.

--With assistance from Lydia Beyoud.

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