Software glitch caused trading outage on European exchanges, says Deutsche Borse
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The reappearance of a software glitch that first surfaced in April was behind a nearly three hour outage on Wednesday on Germany’s electronic trading platform Xetra, exchange operator Deutsche Boerse said.
Trading on several European stock exchanges, including Frankfurt and Vienna, was halted this morning following the technical issue.
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The issue resulted from a problem with third-party software and has been fixed, a Deutsche Boerse spokesperson said.
“The system is now running stably and we expect it to remain so,” they added.
The outage in the fully-electronic cash market trading system affected stock exchanges in Frankfurt, Vienna, Ljubljana, Prague, Budapest, Zagreb, Malta and Sofia, which use the Xetra T7 system, exchange operator Deutsche Boerse said.
The issue meant that the Austrian blue-chip index did not begin trading at its scheduled opening time, while Germany’s DAX was stuck after a small number of trades went through at open, according to Refinitiv data.
Trading on the affected exchanges had resumed by 9.30am UK time. Some European bond and stocks futures affected by the Xetra issue also resumed trading.
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The technical glitch follows one of Deutsche Borse’s longest outages in April when the Frankfurt stock market was halted for more than four hours.
Chief Executive Theodor Weimer said after the April blackout that the stock exchange had taken precautions to avoid such an issue in the future.