UPDATE: NYSE Euronext Aims To Solve Glitches As Trading Hit Again
Maarten van Tartwijk DOW JONES NEWSWIRES JUNE 21, 2011
AMSTERDAM (Dow Jones)--Trans-Atlantic exchange operator NYSE Euronext (NYX) promised Tuesday to address technical problems that disrupted trading in its European markets for the second straight day.
The ongoing problems come as NYSE Euronext aims to seal its tie-up with Deutsche Boerse AG (DB1.XE) to create the world's largest share- and derivatives-trading platform. The plan highlights a new round of consolidation in the global exchange industry.
NYSE Euronext shareholders will vote on the proposed merger July 7, less than a week before a July 13 deadline for Deutsche Boerse holders to tender their shares.
The technical glitch on Tuesday disrupted trading in a wide range of markets, including Amsterdam's AEX and Brussels' Bel-20 benchmark indexes. In Paris, trading in some stocks and bonds was suspended while the market for derivative products was unaffected, said Caroline Tourrier, a Paris-based NYSE Euronext spokeswoman. In Lisbon, meanwhile, trading in exchange-traded funds was disrupted.
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