Chicago data center outage forced clearers to turn away clients
Friday’s cooling system failure highlights cracks in tech and concentration risk of big CCPs.
The outage at a Chicago data center run by CyrusOne last week caused banks to turn away client trading and clearing business, Risk.net, a sibling publication of WatersTechnology, has learnt. The issues with a cooling system forced CME to take offline platforms used for its equity, foreign exchange, bond and commodity markets, and individual financial institutions with co-located servers were left in the same position.
During the incident, which happened the day after the US Thanksgiving holiday
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