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UPDATE 5-Deutsche Boerse says software glitch caused trading outage

Published 01/07/2020, 09:06
Updated 01/07/2020, 14:36
© Reuters.

* Eight exchanges affected by tech glitch
* Deutsche Boerse says it is software issue
* Xetra open after nearly three hours of outage

(Updates with Deutsche Boerse on glitch details)
By Thyagaraju Adinarayan
LONDON, July 1 (Reuters) - The reappearance of a software
glitch that was first seen in April was behind a nearly three
hour outage on Wednesday on Germany's electronic trading
platform Xetra, the exchange operator Deutsche Boerse DB1Gn.DE
said.
The issue resulted from a problem with third-party software
and has been fixed, Deutsche Boerse said.
"The system is now running stably and we expect it to remain
so," Deutsche Boerse said on Wednesday.
The technical snag on Wednesday follows one of the exchange
operator's longest outages in April when the Frankfurt stock
market was halted for more than four hours. Chief Executive Theodor Weimer said after the April blackout
that the stock exchange had taken precautions to avoid such a
breakdown in the future.
The interruption in the fully-electronic cash market trading
system affected stock exchanges in Frankfurt, Vienna, Ljubljana,
Prague, Budapest, Zagreb, Malta and Sofia as they use the Xetra
T7 system.
The exchanges came back online around 0930 GMT.
The German stock exchange's cash markets generated a
turnover of 159.8 billion euros ($179.5 billion) in May.
Some European bond and stocks futures affected by the Xetra
issue have also resumed trading.
($1 = 0.8905 euros)

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