Glitch delays trading on OMX exchanges

Glitch delays trading on OMX exchanges

Technical glitches have delayed trading on the Stockholm, Helsinki and Copenhagen stock exchanges for the second time this week.

The exchanges, which are operated by Nasdaq-owned OMX, have failed to open on time for the second day running.

In a brief statement on its Web site OMX says today's opening is postponed until 12:00 Central European Time (CET) "due to technical disturbances".

The glitch - which also delayed market opening yesterday - is thought to be caused by problems with an upgrade of the Saxess trading system.

The problem has also affected the Oslo Børs, which uses the Saxess platform.

In a statement on its site, Oslo Børs says: "The problems with Saxess Trading System continues today. The opening of the equity market, bond market, Oslo Axess and ABM will today be postponed until 12:00."

Update

OMX pushed back opening of the Stockholm, Helsinki and Copenhagen exchanges to 13:30 CET due to the on-going technical problems.

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