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Frankfurt stock trading hit by one-hour outage

Posted : Mon, 19 Nov 2007 11:05:04 GMT
By : DPA
Category : Business
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Frankfurt - Electronic share trading on the Frankfurt Stock Exchange's Xetra system was halted by a one-hour outage Monday, the second such glitch over the past three months. A spokeswoman said orders and sales could not be completed between 9.43 am and 10.40 am, but the cause of the interruption was not immediately known.

The Xetra system had a one-hour failure in September. The operators, Deutsche Boerse, blamed that outage on a network malfunction. Banks and brokers round the world trade over the computer system, which is Frankfurt's principal market.

The volume of traditional open-outcry share trading at the city stock exchange, also run by Boerse, is far lower.

Copyright DPA

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