CME blamed the outage, which halted trading for more than 11 hours, on a cooling failure at a data centre in Chicago.
Published On 28 Nov 202528 Nov 2025
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Global futures markets were thrown into chaos for several hours after CME Group, the world’s largest exchange operator, suffered one of its longest outages in years, halting trading across stocks, bonds, commodities and currencies.
By 13:35 GMT on Friday, trading in foreign exchange, stock and bond futures as well as other products had resumed, after having been knocked out for more than 11 hours because of an outage at an important data centre, according to LSEG data.
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CME blamed the outage on a cooling failure at data centres run by CyrusOne, which said its Chicago-area facility had affected services for customers, including CME.
The disruption stopped trading in major currency pairs on CME’s EBS platform, as well as benchmark futures for West Texas Intermediate crude, Nasdaq 100, Nikkei, palm oil and gold, according to LSEG data.
‘A black eye’
Trading volumes have been thinned out this week by the United States Thanksgiving holiday, and with dealers looking to close positions for the end of the month, there was a risk of volatility picking up sharply later on, market participants said.
“It’s a black eye to the CME and probably an overdue reminder of the importance of market structure and how interconnected all these are,” Ben Laidler, head of equity strategy at Bradesco BBI, said.
“We complacently take for granted that much of the timing is frankly not great. It’s month-end, a lot of things get rebalanced.”
“Having said that, it could have been a lot worse; it’ll be a very low-volume day. If you’re going to have it, there would have been worse days to have a breakdown like this,” he said.
Futures are a mainstay of financial markets and are used by dealers, speculators and businesses wishing to hedge or hold positions in a wide range of underlying assets. Without these and other instruments, brokers were left flying blind, and many were reluctant to trade contracts with no live prices for hours on end.
“Beyond the immediate risk of traders being unable to close positions – and the potential costs that follow – the incident raises broader concerns about reliability,” said Axel Rudolph, senior technical analyst at trading platform IG.
A few European brokerages said earlier in the day they had been unable to offer trading in some products on certain futures contracts.
Biggest exchange operator
CME is the biggest exchange operator by market value and says it offers the widest range of benchmark products, spanning rates, equities, metals, energy, cryptocurrencies and agriculture.
Average daily derivatives volume was 26.3 million contracts in October, CME said earlier this month.
The CME outage on Friday comes more than a decade after the operator had to shut electronic trading for some agricultural contracts in April 2014 due to technical problems, which at the time sent traders back onto the floor.
More recently, in 2024, outages at LSEG and Switzerland’s exchange operator briefly interrupted markets.
CME’s own shares were up 0.4 percent in premarket trading.
THERE’S a huge landmark that’s been under renovation for the last decade – and it’s under three hours away from the UK.
The huge structure overlooks the capital of Hungary and is about to reopen in March 2026.
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The Citadella in Budapest has been closed for over a decadeCredit: Facebook/Nemzeti Hauszmann ProgramIt will reopen in March 2026 after having undergone huge renovationsCredit: Facebook/Nemzeti Hauszmann Program
If you’ve been to Budapest in the past decade, you might have noticed that the Citadella that sits on Gellért Hill has been undergoing a huge renovation.
It’s been shut for 11 years so far and has been undergoing a major renovation since 2020 – but it’s finally about to reopen.
The work has cost an estimated HUF 20 billion which is just under £46million.
While efforts have gone into maintaining the original structure,new features have been added too.
One of those is a new pedestrian bridge built entirely of glass.
There will also be a walk-through exhibition on Hungary’s history, called ‘The Bastion of Freedom’ which will be inside the large rondella.
The inner courtyard will have a new water feature and an eternal flame.
There’ll also be a new café and gift shop, and it will have incredible panoramic city views overlooking Danube, Buda Castle and Margaret Island.
Outside, locals and tourists will have plenty of room to enjoy the views as there will be twice as much green space as before.
There will be 10,000 shrubs, 100,000 perennials, and over half a million bulbs that will be planted in the area, along with 128 large trees.
The Citadella looks over the city and sits on Gellért HillCredit: Facebook/Nemzeti Hauszmann Program
The site is free to explore as it is an open outdoor public site – but you might need to pay to go inside.
The Citadella in Budapest was built by the Austrian Habsburg Empire between 1850 and 1854.
Its purpose was to serve as a military stronghold after the Hungarian Revolution between 1848 and 1849, which is why it sits on a hill overlooking the city.
Now, it’s considered a symbol of freedom with The Liberty Statue representing Hungary’s independence – it was added in 1947.
The Citadella is due to reopen to the public on Hungary’s Independence Day, March 15, 2026.
A HISTORIC Victorian bathhouse is getting a new lease of life after closing nearly 50 years ago.
Manor Place Baths in South London is a 19th century bathhouse that was once a huge swimmingpool complex.
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A Victorian bathhouse is reopening as a free attraction – nearly 50 years after it closedCredit: NikeThe attraction is a collaboration with Nike and Palace SkateboardsCredit: NikeThere will also be a huge skatepark insideCredit: Nike
It later became a boxing venue before closing in the 1970s.
However, a new attraction is set to open inside the bathhouse, as part of a collaboration with Nike and Palace Skateboards.
Inside will be a thee ‘zones’ – The Park and The Cage, The Front Room, and The Residency.
A free to use skatepark is in the area where the men’s swimmingpool use to be (having since been paved over).
The ‘world-class’ skatepark will be made of concrete, with ramps, ledges and benches.
There will also be an underground football cage which can be used for three-a-side.
The Front Room will be an art venue with workshops and pop ups, as well as having Nike clothing on sale.
And The Residency will be creative studio spaces, which will be on rotation every nine months.
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Events will include “skate jams,” women-only sessions and a number of others.
Opening from November 11, it will be free to visit and open six days a week.
Art shows and pop ups will be part of the entranceCredit: Nike
Palace co-founder Lev Tanju said: “We had an idea of creating a large space for the community that would be about skateboarding and sport, and a space you could generally hang out in.”
Gareth Skewis, also co-founder of Palace, said: “I want Manor Place to be somewhere safe and friendly where people can skate, play football and discover new things.”
It has even been backed by English footballer Lenna Gunning-Williams.
She said: “Manor Place is important for the next generation because it’s so accessible.
“It’s going to be a place where people can connect — and it’s not just for footballers, it’s for skaters and creatives too.”
THE UK’s second-longest pier is set to have a £20million refurb, with work starting next year.
The Victorian Southport Pier has been shut since 2022 following safety concerns.
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Southport Pier has been closed since 2022 following safety concernsCredit: GettyNow the pier will undergo a £20million refurbishmentCredit: GettyAt the entrance to the pier, there is an arcade attraction that remains openCredit: Alamy
But now it will get a new lease of life with a full restoration, including replacing the decking boards and timber joists, steelwork repairs, as well as adding new gates and CCTV cameras.
The project is expected to take around 14 months to complete, according to the local council.
In total, it stretches 0.68 miles and is estimated to contribute more than £15million to the economy.
But the pier has a long history of issues and restorations.
For example, back in 1897, the original pavilion which stood at the end of the pier was destroyed by a fire.
In 1959, another fire caused a lot of damage to the decking of the pier.
Things then started to look up as in 1975 the pier was awarded a Grade II-listed status and in 2002, following a £7million refurbishment, the pier gained a new tram.
But then 20 years later, in 2022, the pier closed again due to safety concerns and has been closed since.
Councillor Marion Atkinson, leader of Sefton Council said: “Southport Pier is a structure with a rich history but regrettably with a poor refurbishment programme carried out in the early 2000s, the refurbishment left the pier very vulnerable!
“However we have never considered giving up on it.
“The Pier is a symbol of Southport’s identity, history, and now, thanks to the Council and Central Government, secured for the town’s future too.”
Uniquely, the pier starts on the mainland before crossing over the town’s Marine Lake, then more land before it stretches out into the sea.
At the entrance to the pier, there is also Silcock’s Funland which remains open.
Inside, visitors will find a number of children’s rides and retro arcade machines, as well as a cafe.
There is also a family restaurant and outside, a carousel.
TRAVEL writer, Catherine Lofthouse, visited Southport recently – here are her thoughts…
When the sun is out, there’s no better place to be than by the coast, so I couldn’t wait to take my family to check out Southport.
There is a huge 17-acre parkland between the town and the sea which boasts a marine lake and hosts plenty of paid and free attractions, including boats, a miniature railway, a wooden playground, crazy golf and a model village.
There’s a free hall of mirrors inside the arcade that will give all the family a laugh and my boys whiled away an hour on the zipline and climbing frames in the gardens, so you can easily pass some time here without spending a penny.
My little boy loved the £1 track ride just inside Silcocks Funland arcade, while the carousel outside was only £2.25 per person.
If you only wanted to spend £20 and choose one family activity, there’s quite a few options on offer here.
A trip on Lakeside Miniature Railway, the oldest continuously running 15in gauge railway in the world, costs £4 return or £3 single per person.
At the marine lake, you can hire a pedalo for £20 for 30 minutes or take your family on a self-drive motorboat for 20 minutes for the same price.
One quirky place to visit if you’re after an indoor option would be the lawnmower museum in Shakespeare Street, which boasts a variety of machines, including some belonging to the rich and famous like King Charles and Paul O’Grady.
Entrance only costs £3 for adults and £1 for children, so it’s worth a trip just to say you’ve been!
For food, my top tip would be to head to the cafe at Southport Heritage Centre – you can buy a slush for just a quid, a Magnum for £2.50, or a portion of chips for just £2.50.
Out of sheer darkness, the Batman logo was emblazoned across the 86-foot-wide screen and dazzled my young eyes.
From Hollywood, I was instantly whisked away to Gotham City. The iconic DC comic book came to life and the booming thuds of the Caped Crusader smashing a pair of common thieves was real.
These were my first vivid memories of watching a movie in the larger-than-life Cinerama Dome on Sunset Boulevard, and being amazed by the screen’s size and the sense of being transported into another galaxy.
But the dome is magical on the outside, as well as the inside. The concrete geodesic dome is made up of 316 individual hexagonal and pentagonal shapes in 16 sizes. Like Grauman’s Chinese Theatre, it’s a structure that has become a Hollywood landmark.
The Dome represented a special place for me, until it became just another of the dozens of businesses in L.A. that never returned after pandemic closures in 2020.
Ever since, there have been rumblings that the Dome would eventually reopen. Although nothing is definitive, my colleague Tracy Brown offered a bit of hope in a recent article.
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Dome Center LLC, the company that owns the property along Sunset Boulevard near Vine Street, filed an application Oct. 28 for a conditional-use permit to sell alcohol for on-site consumption at the Cinerama Dome Theater and adjoining multiplex. The application doesn’t mention an reopening date or any details about movie screenings returning to the dome but suggests that a reopening may be in the works.
Elizabeth Peterson-Gower of Place Weavers Inc., said Dome Center is seeking a new permit that would “allow for the continued sale and dispensing of a full line of alcoholic beverages for on-site consumption in conjunction with the existing Cinerama Dome Theater, 14 auditoriums within the Arclight Cinemas Theater Complex, and restaurant/cafe with two outdoor dining terraces from 7:00 am – 4:00 am, daily,” according to the application filed by the company’s representative.
This would would be a renewal of the current 10-year permit, which expires Nov. 5.
The findings document filed with the City Planning Department also mentions that “when the theater reopens, it will bring additional jobs to Hollywood and reactivate the adjacent streets, increasing safety and once again bringing vibrancy to the surrounding area.”
A representative for Dome Center LLC did not respond immediately Friday to a request for comment.
What happened to the Dome?
The Cinerama Dome opened in 1963 and had been closed since the start of the COVID-19 pandemic in 2020.
Since the closing, the news about the future of the theater has been ambiguous.
In 2022, news that the property owners obtained a liquor license for the renamed “Cinerama Hollywood” fueled hope among the L.A. film-loving community’s that the venue was still on track to return.
But the Cinerama Dome’s doors have remained closed.
Signs of life
At a public hearing regarding the adjacent Blue Note Jazz Club in June, Peterson-Gower reportedly indicated that although there were not yet any definitive plans, the property owners had reached out to her to next discuss the future of the Cinerama Dome.
Perhaps this new permit application is a sign plans are finally coming together.
After the kind of year Los Angeles has endured — with devastating fires and demoralizing immigration raids — it would certainly bolster the spirits of all Angelenos to have another local landmark reopen its doors to welcome movie-loving patrons like me.
Today’s top stories
California Gov. Gavin Newsom speaks as he stands with First Partner Jennifer Siebel Newsom during an election night news conference at a Democratic Party office in Sacramento on Nov. 4, 2025.
(Godofredo A. Vásquez / Associated Press)
Voters approve Prop. 50
After World Series celebration, ICE and Border Patrol gather at Dodger Stadium once again
Dozens of federal immigration agents were seen staging in a Dodger Stadium parking lot Tuesday morning, a day after the team returned home to celebrate its back-to-back championships with thousands of Angelenos.
Videos shared with The Times and on TikTok show agents in unmarked vehicles, donning green vests and equipped with white zip ties in parking lot 13.
Five months ago, protests erupted outside the stadium gates when federal immigration used the parking lot as a processing site for people who had been arrested in a nearby immigration raid.
Sen. Alex Padilla says he won’t run for California governor
“It is with a full heart and even more commitment than ever that I am choosing to not run for governor of California next year,” Padilla told reporters outside his Senate office in Washington.
Padilla instead said he will focus on countering President Trump’s agenda in Congress, where Democrats are currently in the minority in both the House and Senate, but hope to regain some political clout after the 2026 midterm elections.
What else is going on
Commentary and opinions
This morning’s must-read
For your downtime
A view of landscaping at the home of Susan Gottleib and her Gottleib Native Garden in Beverly Hills.
(Allen J. Schaben / Los Angeles Times)
Going out
Staying in
A question for you: What’s the best hiking trail in SoCal?
Alexandra writes: “Sullivan Canyon, for sure.”
Rochelle writes: “Can’t ever go wrong in Griffith Park, but for overall exercise, killer views, artifacts, and entertainment without wearing yourself out, my hiking partner and I like the Solstice Canyon Loop in Malibu, 3.4 miles. The most popular hike in the canyon, for good reason!”
Email us at [email protected], and your response might appear in the newsletter this week.
And finally … your photo of the day
Joe Rinaudo hopes to host tours and educational opportunities at his home theater and museum through a nonprofit group dedicated to preserving photoplayers.
Have a great day, from the Essential California team
Jim Rainey, staff reporter Hugo Martín, assistant editor, fast break desk Kevinisha Walker, multiplatform editor Andrew Campa, Sunday writer Karim Doumar, head of newsletters
THE UK’s oldest lido could never reopen despite years of renovation works, costing millions.
Cleveland Poolsin Bath, which was built in 1815 and is the country’s oldest, may never reopen to the public again.
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Cleveland Pools in Bath went through major restoration to open for 2023Credit: Cleveland PoolsJust four months later it was forced to close after flood damageCredit: Alamy
It was open for just four months in 2023 after receiving £9.3 million for a revamp. But it hasn’t reopened since, and it might never do so.
The trustees of the restored lido revealed in a report that it “might not be possible” to reopen the pool, according to the BBC.
The report stated: “The risk that the cost to repair the pools and the plantroom will be substantial and beyond the resources available to the trust.
“There is therefore a risk that the pools cannot be repaired and reopened.
“To mitigate against this risk the trust is exploring all potential avenues that would allow the pools to be repaired and reopened, including but not limited to legal recourse and external funding.”
The nextsteps for the trustees is to finalise the cost of repairs and work with the council and National Lottery Fund to secure money needed for the restoration.
Cleveland Pools is a Grade II listed lido, and is considered the oldest outdoor swimming pool in the UK.
It opened in the early 1800s and closed in 1984. It then took a huge campaign by the public, and almost £10million to reopen the lido in September 2023.
The money was raised by trustees from local donors, Bath and North East Somerset Council and the National Lottery Heritage Fund.
When it opened its doors for the very first time, tickets for the Sunday free swim were so popular that the system crashed.
Cleveland Pools is Britain’s oldest outdoor poolCredit: PA
The lido looked like it would have a very popular season, but it was forced to close months later due to flood damage.
Heavy rainfall during Storm Henk caused a huge amount of damage to the plantroom – where all the equipment to operate the lido is kept.
At the time, Cleveland Pools Trust apologised and Paul Simons, chair of the trust, said: “Once the river level has dropped the pools will be pumped out, jet washed down, re-filled and then the treatment circulation will recommence.
He added that the time frame for that “should take a number of days, not weeks.”
