Technical glitch halts trading at Eurex

28 August 2013

A technical error caused trading on the Eurex derivatives exchange to halt for 60 minutes on Monday (August 26th).

This is the latest system error to cause exchange outages, which have been affecting operators and traders around the globe.

Activity came to a standstill at 8:20am, shortly after the market opening due to "an incorrect time synchronisation within the system".

The error at Eurex comes a few days after a technical glitch stopped trading on the Nasdaq stock exchange for a prolonged length of time.

Fears have now been raised over whether or not market infrastructures can keep up with demands for high-performance electronic dealing.

The fault at Frankfurt-based Eurex occurred on a new trading architecture that was introduced in December 2012.

However, trading was not hit too badly, as activity was thin as a result of Europe's seasonal lull, while there was a bank holiday in the UK.

By Gary Cooper

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