Tech Glitch Forces Euronext Exchanges to Halt Trading

Major European stock exchange 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.

Euronext is one of the major European stock exchange 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.

(Photo: REUTERS/Charles Platiau)

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