Computer says no to German stock market traders

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FRANKFURT

Oct 16, 2018-

Germany’s main stock market in Frankfurt opened an hour late Monday, as a computer problem hobbled operator Deutsche Boerse’s Xetra computer system for the second time this year. “Trading only started at 10:00 am (0800 GMT) today” rather than 9:00 as usual, a Deutsche Boerse spokesman told AFP. “Not all internal actors (at the stock exchange) or external market participants had access to the trading system,” he added. “The system shut them out.” Trading from the stock market floor itself—less than five percent of the usual transaction volume — was possible from 9:00 am, the spokesman said. But important indexes like the DAX 30 blue-chip firms or the MDAX list of smaller companies were not updated until full access was restored.Behind the delay was “a problem with the internal communication protocol in the Xetra-T7 system,” the spokesman said. (AFP)

Published: 16-10-2018 10:44

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