NYSE Euronext’s European Stock Indexes Are Back Up After Fault
NYSE Euronext said all its European stock indexes are running normally after a technical fault caused their levels to be incorrectly displayed for nearly an hour following the start of trading.
Equity benchmarks in France, Belgium, Portugal and the Netherlands were affected by the outage, according to a statement on Euronext’s website. Trading of stocks and futures continued as normal, company spokeswoman Caroline Tourrier said by phone from Paris.
NYSE Euronext, which is also the parent company of the New York Stock Exchange, has agreed a $9.5 billion takeover by Frankfurt-based Deutsche Boerse AG, a deal that would create the world’s largest owner of equities and derivatives markets. Trading on NYSE Euronext’s markets takes place on its Universal Trading Platform.
NYSE Euronext’s fault today wasn’t as lengthy as one that knocked out the Italian stock exchange on Feb. 22. Borsa Italiana, owned by London Stock Exchange Group Plc, started 6 1/2 hours late as “technical issues” prevented buying or selling. Consob, Italy’s securities market watchdog, wrote to Borsa Italiana and LSE seeking clarification on the problems asking the exchanges to strengthen management and technology to ensure that the disruption isn’t repeated.
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