The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Deutsche Boerse AG’s electronic trading system was halted due to a technical glitch on Wednesday, the second such outage this year.
It disrupted derivatives trading and stock markets in several Central and Eastern European countries, and prompted Denmark to postpone a bond auction.
Only about 30 of 99 stocks in Germany’s HDAX large and mid-cap index were showing electronic trades on Xetra as of 11:00 am in Frankfurt. Floor trading on Boerse Frankfurt, where usually much lower volumes are traded than on Xetra, is functioning as normal.
Trading issues on the Eurex Exchange, one of the main platforms for futures products, hampered bond sales in Europe. Prices for German bund futures hadn’t updated since 7:47 am in London, while Denmark postponed a bond auction due to technical difficulties.
Stock trading in Vienna, Prague, Budapest, Ljubljana and Zagreb was also down, as these venues share Deutsche Boerse’s T7 trading infrastructure. As recently as mid-April, another outage of the T7 system hobbled trading across the same set of Central and Eastern European stock markets.
The stock exchange operator expects the system to become available again by 11:20 am Frankfurt time, according to a statement on Xetra’s website, while it isn’t yet clear when cash equities trading will resume. Derivatives trading on Eurex will restart in an opening auction at 11:25 am.
In the meantime, all single stocks on Xetra are also available in Frankfurt floor trading, a spokesman for the exchange operator pointed out on the phone.