Brokers Scramble to Inform Clients about Euronext Connectivity Issues

Monday morning started with some market issues as European Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term markets operator Euronext experienced some technical difficulties. The company managed to resolve them as of the time of publication.

The issue affected several broker feeds which have been offering access to European equities markets. Interruptions also affected fixed income, ETFs, funds segments, and derivatives markets.

The Timeline of Events

Euronext’s issues started around the market open in Europe and persisted for most of the morning. After several messages to customers that the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term is working to resolve its problems, it has managed to address the issue around 13:09 CET.

The French CAC40 and the Dutch AEX indices remained uninterrupted, while ETFs closed down. Technical issues persisted on and off throughout the morning and early afternoon. The equities segment closed at 10:29:54 CET and the funds segment went down at 10:43:43 CET.

With the equities derivatives being affected, a big part of the markets which retail brokers appear to have remained intact. Index futures, options, currencies, and commodities were open and trading regularly.

Another Euronext update (clarification): pic.twitter.com/sTzvM5hRCs

— Eric Scott Hunsader (@nanexllc) October 29, 2018

Temporary Website Slowdown

After the official message to market participants that the issue has been closed, the website of Euronext still appears to be very slow. The company has published the full timeline of events which we are attaching below.

In the meantime, brokers should be back to normal functionality as the market is fully functional.