Tech Glitch Forces Euronext Exchanges to Halt Trading

Major European Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operator, Euronext suspended training on multiple markets on Monday morning, citing some technical issues.

The glitch has impacted the operations of many stock exchanges, including the one in Paris, Amsterdam, and Lisbon.

“Due to a technical issue, trading has been halted in all Euronext Products until further notice,” Euronext wrote on Twitter.

According to Refinitiv data, the outage happened just before 10 am in Paris. However, the market operator did not specify the nature of the tech issue even after a couple of hours of the trading suspension.

“We are working to resolve this issue, and we will provide an update as soon as possible regarding the resumption of trading,” the operator added.

Exchanges Vulnerable to Tech Glitches

Euronext is one of the major European stock 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 operators and runs bourses in France, the Netherlands, Belgium, Portugal, and Norway. It recently entered into an agreement with the London Stock Exchange for the acquisition of the top Italian stock exchange.

Tech glitches on stock exchanges are common, and many major exchanges around the world suffered from such unexpected downtimes. Euronext itself suffered such outage on October 29, 2018, that forced it to open the markets 90 minutes after the scheduled opening hours.

The recent glitch coincided with the quarterly reporting season of the corporates that impacted upon the many companies.

Most recently, the New Zealand stock exchange became the victim of external attacks that hampered trading services for days. The continuous attack even forced the country’s government to step in to restore the infrastructure of the market operator.