Trading disruption at Eurex adds to fears over market resilience

Trading disruption at Eurex adds to fears over market resilience

Trading on the Eurex derivatives exchange was halted for 60 minutes on Monday due to a technical error, the latest in a series of glitches to hit exchange operators worldwide.

The bourse shut down trading as 08.20am, shortly after the market opening on Monday morning due to "an incorrect time synchronization within the system".

The shut-down at Eurex comes just days after a technical issue paralysed trading on the Nasdaq stock exchange for more than three hours, raising fears about the ability of market infrastructures to keep pace with demands for high-performance electronic dealing.

At Eurex, the fault occurred on a new trading architecture that the exchange introduced only in December, billing it as "the world's most advanced trading system".

Fortunately for the Frankfurt-based exchange trading was thin, with Europe still in a seasonal lull and the UK enjoying a bank holiday.

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