Eurex glitch delays trading - Reuters

Eurex glitch delays trading - Reuters

German-Swiss derivatives exchange Eurex was forced to delay trading for three hours on Thursday morning due to technical problems with its electronic trading system, according to a report by Reuters.

Eurex says trade was delayed due to connection problems with its market participants.

According to the report, the outage blanked out dealing screens of traders in equity options, stock index futures and derivatives on bond indices from 0600 GMT until shortly after 0900 GMT.

The glitch occurred as members of its proposed US clearing partner, the Clearing Corporation, were preparing to vote on restructuring that would enable Eurex to buy a 15% stake in the company. Securing clearing services is critical for the exchange, which intends to open a US operation in Chicago early next year.

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