European exchange opted on Wednesday to keep its servers running, effectively leaving some members cut out of the market
Some of the world’s largest
clearing brokers reacted angrily on Wednesday to a decision by
Euronext to keep running only a portion of its servers after a
technical glitch wiped out three of its main client
But the call by Euronext highlights a
recurring problem in the market namely: what is the appropriate
reaction by an exchange in the event of a technical
Euronext’s technical glitch
on Wednesday, its second in ten days and the fourth in four
months, affected three of its main Common Customer Gateways
used by members to route orders to the exchange on behalf of
The European exchange responded by telling
the market that the three affected CCGs would be shut down for
the rest of the day while the other CCGs would continue to run
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |