Euronext.liffe hit by technical glitch

Euronext.liffe hit by technical glitch

European derivatives exchange Euronext.liffe was forced to suspend trading in commodities and some financial contracts on Thursday due to a systems outage.

According to a Reuters report, the problem affected all contracts on its Financials Host, inlcuding short-term interest rate products such as Euribor and Eurodollar; bond products, index products, stock futures, and commodity products including cocoa, coffee, sugar and grain contracts.

The exchange reopened the contracts for short trading periods of up to 20 minutes late on Thursday so that customers could complete business. Daily settlement price processes were also completed.

According to the report, Euronext has said that precautions to prevent similar outages would be taken after close of business today.

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