Bats Europe has suffered a trading breakdown just days after finalising a deal to acquire rival platform Chi-X Europe.
The exchange operator suffered a hardware systems failure at 09.36 GMT and shut down trading for the entire day while it investigated the outage.
Bats Europe says the fault was traced to an external hardware component that has now been replaced by the third party supplier. It says trading will re-open as usual at 08.00 GMT, Wednesday.
In a statement, Bats says: "We strongly regret today's issue, particularly the interruption in trading for participants. A forensic examination was promptly initiated and further information will be disclosed after a full analysis is conducted."
The breakdown comes at an awkward time for Bats, which is planning to move Chi-X Europe trading participants onto it own platform as part of the merger integration process.
The episode will be a severe embarrassment for Bats, which takes great pride in its technological firepower. It has in the past been a vocal critic of the London Stock Exchange, which suffered a series of damaging technical mishaps last year.