Deutsche Boerse’s Outage Fuels 35% Volume Crash in German Stocks
- Breakdown also cut transactions at other affected exchanges
- Failure added to summer lull, light trade before U.S. holiday
The Frankfurt Stock Exchange, operated by Deutsche Boerse AG.
Photographer: Peter Juelich/BloombergThis article is for subscribers only.
The sudden, hours-long breakdown in Deutsche Boerse AG’s electronic trading system on Wednesday led to a significant drop in volumes across affected markets, adding to the summer lull and leaving some traders frustrated.
Transactions on Germany’s DAX Index tumbled 35% to the lowest level since May 25, according to data compiled by Bloomberg. In Budapest, volumes fell 47% and in Prague the decline reached 66%. The exchanges, along with those in Vienna, Zagreb and Ljubljana, share Deutsche Boerse’s T7 trading system.