Cointelegraph reported on November 28 that the Chicago Mercantile Exchange halted trading for 10 hours after a system failure, drawing investor backlash.
CME said the suspension was caused by a cooling problem at a CyrusOne data centre in Illinois. Service has been restored, but investors complained that positions were frozen and price discovery was blocked during the halt.
Some raised suspicions of market manipulation because trading stopped as futures approached a record 54 dollars.
Bitcoin futures were affected and closed higher, rising from 90,355 dollars on November 26 to 90,940 dollars on November 28. Bitcoin prices climbed above 93,000 dollars, recovering after falling to 80,520 dollars.
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Chi-Kyu Hwang
delight@d-today.co.kr