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Technological Ineptitude Goes International

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The latest exchange SNAFU announcement has been made with a British accent. Unfortunately for the Liffe, it's the one part of Euronext that the IntercontinentalExchange and its crack technology department, the New York Stock Exchange, is keeping.

This morning it was the turn of NYSE Liffe, which suspended trading in futures and options contracts tied to the Euro Interbank Offered Rate (Euribor) and Euro Overnight Index Average (Eonia) shortly after markets opened at 7:00 a.m. GMT, with all pre-market orders cancelled, before trading resumed around one hour later.

A spokesman attributed the outage to “technical issues”.

NYSE Liffe Latest to Suspend Trading Over Glitch [WSJ MoneyBeat blog]

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