Trading resumes in Germany's DAX, other exchanges after outage
Reuters
Published Jul 01, 2020 04:34AM ET
Updated Jul 01, 2020 07:10AM ET
By Thyagaraju Adinarayan
LONDON (Reuters) - Trading in German blue-chip index DAX (GDAXI) and other exchanges across Europe resumed after nearly three hours of outage on Wednesday due to a "technical issue" at German electronic trading platform Xetra.
The interruption in the fully-electronic cash market trading system affected stock exchanges in Frankfurt, Vienna, Ljubljana, Prague, Budapest, Zagreb, Malta and Sofia as they use the Xetra T7 system, exchange operator Deutsche Boerse (DE:DB1Gn) said.
The technical snag is a further blow to Deutsche Boerse, which saw one of its longest outages in April when the Frankfurt stock exchange was halted for more than four hours.
Chief Executive Theodor Weimer said after the April blackout that the stock exchange had taken precautions to avoid such a breakdown in the future.
Exchanges came back online around 0930 GMT, but the cause of the disruption in Xetra on Wednesday was not immediately clear. Deutsche Boerse spokesman Patrick Kalbhenn declined to comment.
The German stock exchange's cash markets generated a turnover of 159.8 billion euros ($179.5 billion) in May.
The Austrian blue-chip index (ATX) opened 0.1% higher at around 0930 GMT, more than two hours after the scheduled opening time, while Germany's DAX (GDAXI) opened down 0.5%.
Some European bond and stocks futures affected by the Xetra issue also resumed trading.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.