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Brief: Iceland Stock Exchange fails to open

29 August 2002  |  3269 views  |  0 Brief: Iceland Stock Exchange fails to open

The Iceland Stock Exchange (ICEX) failed to open for business yesterday due to a failure in the CANTAT3 fibre cable used to connect the exchange with market participants.

Efforts by telecommunications company Landssimi Islands hf to establish a new satellite link in order to re-route telecommunications traffic were unsuccessful by close of trading yesterday.

ICEX says it expects regular trading hours today.

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