Due to a power outage in the Chicago data center this morning, The Intercontinental Exchange has stopped all trading in all markets.
“The ICE system is shut down. It just stopped. They didn’t notify us or anything,” says cotton trader Jurgens Bauer. “With 20 seconds left, they say ‘we are closing in 45 time.’ This is at 44 and 20 seconds. You can’t even call customers! They say there is a power outage in Chicago. I’m sorry, but ICE is located in Atlanta,” he says. “This is another good reason to have open outcry as a back up.”
Representatives at the ICE were not available for immediate comment, but they did post this message on their home page. “There has been a power issue at the ICE Primary Data Center. All Markets are closed and all orders have been suspended. Please check http://www.theice.com for further updates and market status. The current ETA is 1 hour. Further updates will be provided by the “Market Status” section in the lower right of www.theice.com”
According to an ICE spokesperson, trading is expected to resume at 12:45 eastern time.
