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.
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.
