Euronext halts trading on all products after technical glitch

The outage appeared to have hit at just before 10am in Paris, according to data from Refinitiv. Euronext runs major trading bourses in France, the Netherlands, Belgium, Portugal and Norway.

China Stock exchange

Euronext, one of Europe’s largest exchange and listed derivatves executing venues has experienced a technical issue which has caused it to cease trading on all products until a resolution is found.

“We are working to resolve this issue and we will provide an update as soon as possible regarding the expected pre-opening time and resumption of trading,” said a spokesperson  for the exchange operator 30 minutes ago.

Euronext operates six exchanges across the continent, and operates indexes including France’s blue-chip CAC 40.

This morning, on establishing that there was a technical issue, the nature of which has not yet been divulged, Euronext halted trading on some of its major markets.

The exchange noted that they are working on resolving the issue and that an update will be available as soon as possible. Before trading begins once again, Euronext will have a pre-opening phase that will last for at least 15 minutes.

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

The outage appeared to have hit at just before 10am in Paris, according to data from Refinitiv. Euronext runs major trading bourses in France, the Netherlands, Belgium, Portugal and Norway.

The outage comes in the early days of the corporate quarterly reporting season, when analysts will scrutinise how companies are performing during the pandemic and their outlooks for the remainder of 2020 and next year.

Shares in Paris-listed Danone, one of the world’s biggest consumer goods groups, and Amsterdam-listed Royal Philips were among the securities were affected by Monday’s glitch. Both companies issued market-sensitive corporate news releases earlier today.

Some companies such as Royal Dutch Shell have listings in several jurisdictions, which allows shares to be traded even if other markets have stalled. Euronext endured a similar hiccup on October 29 2018, when the opening bell was delayed by 90 minutes and intermittent problems affected the exchange throughout the day. Deutsche Börse, Euronext’s German rival, has faced occasional technical glitches as well.

The Tokyo Stock Exchange halted trade for a day earlier this month because of a hardware malfunction. That was its worst outage since it shifted to a fully electronic system in 1999.

 

Read this next

Institutional FX

Deutsche Bank goes live with its FX pricing and trade engine in Singapore

Deutsche Bank has gone live with its electronic foreign exchange pricing and trading engine in Singapore, where demand for currency trading among institutional players is on the rise.

Retail FX

CySEC extends the suspension of Depaho license until November 19

The Cyprus Securities and Exchange Commission (CySEC) has decided to extend further the suspension of the license of the Cyprus investment company Depaho Ltd, which operates the retail FX brands GTCM, FXGM and TRADEAPP.

Retail FX

CAPEX.com introduces QuantX, a tool to build automated portfolio

Multi-licensed broker CAPEX.com has rolled out a new portfolio platform, QuantX, which uses a client’s risk tolerance assessment and other criteria to create fully customized investment portfolios.

Digital Assets

Ripple scores major win: Judge orders SEC to explain…a lot

The SEC is ordered to explain, among other things, how the Howie test applies to XRP, what is the status of Ether and Bitcoin, and the sale of XRP as investment contracts.

Retail FX

Trade CFDs on 900+ of the Biggest Companies this Earnings Season with HotForex

Traders with the internationally acclaimed multi-asset broker HotForex can trade CFDs on the stocks of over 900 companies during Earnings Season with tight spreads, flexible leverage, negative balance protection and the many other advantages that have made it an honest, open and transparent broker of choice to over 2.5 million traders around the world.  

Digital Assets

Polygon (MATIC) double spend bug yields $2 million bounty for developer

Polygon, the Layer 2 solution on top of Ethereum, has recently paid out the highest ever bug bounty in history to a whitehat developer Gerhard Wagner for pointing out a double-spend bug in the network which could have resulted in huge losses if it had been exploited.

Digital Assets

KuCoin aims to become largest social trading platform in crypto

KuCoin was founded in September 2017 and it currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries.

Digital Assets

Apifiny’s crypto trading network adds Instant Transfers for best bid and offer

Instant transfers significantly enhance Apifiny Connect, allowing traders to more efficiently buy and sell on 25 connected markets across six continents.

Retail FX

iFOREX clients can follow two experts trading in real time

Trading Rooms’ access will be free of charge for active traders who open an account with the broker.

<