NYSE EuroNext Stops Trading After Technical Issue

March 11, 2014 Share Print 0

Trade on the NYSE Euronext pan-European stock market was suspended for nearly an hour on Tuesday because of a technical problem that forced traders to place orders offline.

The shutdown at 1115 GMT came a few minutes after the bourse announced it was switching to so-called ‘pre-market mode’ due to a “critical alert on its cash market” related to an unspecified technical problem.

While traders were able to place, modify and cancel orders, prices were not set.

Trading subsequently resumed at 1210 GMT for stocks and bonds and at 1315 GMT for certificates and ETFs.

NYSE Euronext declined to comment on the incident.

In 2011, NYSE Euronext had a series of technical incidents including one in which the operator suspended Euronext indices for more than an hour and a half due to a problem with one of its programmes.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.