Europe's Biggest Derivatives Exchange Halts Trading on Glitch

  • Eurex's market had a technical trading malfunction in July
  • NYSE is rolling out an upgraded trading system today

Deutsche Boerse AG halted trading on Eurex, Europe’s biggest derivatives exchange, as it investigated technical issues on the platform.

QuickTake Defusing Derivatives

Eurex was paused, according to a notice on its website. The market lists interest-rate derivatives, futures on German bunds, and contracts on equity benchmarks such as the Euro Stoxx 50 Index and the DAX Index of Germany’s largest companies.

“We’re investigating,” said Patrick Kalbhenn, a spokesman for Deutsche Boerse.

Euro Stoxx 50 futures stopped trading at 11 a.m. Frankfurt time. Continuous trading will resume at 12:50 p.m., a subsequent notice said.

Eurex suffered a technical glitch in July that postponed the start of trading in futures and options contracts by more than two hours. New York Stock Exchange had an outage last year that lasted 3 1/2 hours. NYSE moves its markets on to a new system from today.

Euronext NV, which has reported trading issues in the past year, said earlier this month that it is investing in the core technology for its stock and derivatives market under a program named Optiq.

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