Data ‘Glitch’ Sparks Outage In Europe’s Largest Stock Indices
Data ‘Glitch’ Sparks Outage In Europe’s Largest Stock Indices Tyler Durden
Mon, 11/02/2020 – 08:09
Following a string of breakdowns this year on global stock exchanges – including a hardware failure at the Tokyo Stock Exchange, cyber attacks that hit New Zealand’s stock exchange, a software glitch at Germany’s electronic trading platform Xetra, and Euronext’s widespread disruption last month affecting trading from Dublin and Amsterdam to Paris and Lisbon – Europe’s largest and most-tracked STOXX indices suffered a delayed opening this morning.
“Our input data and index calculation have been affected by input data problems,” said, Qontigo, which is owned by Deutsche Boerse
The timing for the end of the glitch seems very fortuitous as indices suddenly exploded higher…
With such a busy week of potentially major event risk, one wonders if these kind of ‘breakers’ are dry runs for when the market loses control.