Borsa Italia glitches hit trading

Borsa Italia glitches hit trading

Following a volatile day of trading yesterday thanks to the turmoil in Libya, Borsa Italia has been hit by technical problems this morning, leaving it unable to open as normal.

The LSE-owned Milan exchange had to suspend trading in Italian stocks, bonds, warrants and ETF funds because of "a technical issue on the price information systems".

Yesterday the main Italian stock market index closed down 3.6% in part thanks to events in Libya, which has strong economic links with Italy.

With the turmoil in Libya leaving bankers and brokers desperate to trade stocks, some have switched their electronic systems over to rival platforms such as Chi-X Europe and Bats, according to the Financial Times.

Update Trading resumed at Borsa Italia at 15.00 CET

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