We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedTechnology

NYSE Euronext system glitch floors European trading


Root cause not yet announced

Article comments

The New York Stock Exchange’s European stock markets were floored for two hours on Tuesday, after a significant system problem hit trading for a second day.

Paris, Amsterdam, Lisbon and Brussels exchanges – operating under NYSE’s Euronext banner – were effectively forced offline by the problem, which began shortly after the start of trading at 9.07 am and was rectified at 11 am. The exchanges experienced similar problems yeasterday, though it is not known if the technical fault was the same.

NYSE Euronext had not explained the root cause of the problem at  the time of writing. The technical issues also affected Euronext bond markets.

The company said in a statement that it had experienced “latencies” on trading systems after opening the markets today.

NYSE Euronext is moving its matching engine technology over to its Universal Trading Platform, which is based on Red Hat Linux running on x86 servers. It is not clear whether this move or these systems played any part in the problems.

“Due to technical issues, the pre-opening phase for regulated equities and bonds and ETFs [and] opening of the continuous trading session will be delayed,” NYSE Euronext told traders early this morning.

“Consequently, we have halted the regulated warrants and certificates market given the unavailability of the cash markets. All other cash markets, NYSE Arca and Smartpool, are properly working and open for trading," it said at the time. All systems are now live.

The news follows several outages on the Chi-X specialist electronic exchange in recent weeks. In February, the London Stock Exchange experienced severe problems that led to a four hour outage. It has not explained the technical reason for the problem apart from describing it broadly as a “data dissemination issue”.

Share:

Recommended Articles

Comments

NYSE Euronext system glitch floors European trading
Technology

How new technologies are transforming finance

How new technologies are transforming finance

CFOs, once sceptical about technology, are now among its biggest supportersmore ..


'Nadella Effect' makes Ballmer $2.8bn richer

And since Thursday's downsizing, CEO Satya Nadella has an extra $1.3M in his portfoliomore ..

Credit Suisse ramps up IT overhaul to cut costs

Consolidating and simplifying IT networksmore ..

Nationwide customers suffer second online banking outage

Overrunning maintenance blamedmore ..

What does your perfect datacentre look like?

The financial impact of rising energy bills is a headache for companies toomore ..

What UK business needs to do now with big data

In the final of a three-part series, we look at the potential for companies to become victims in the battle for big datamore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *