A series of technical failures hit the Irish Stock Exchange (ISE) today, halting trading across all cash markets for much of the day as operators scrambled to get the system back online. The three-hour outage affected markets in equities, bonds, commodities, funds and derivatives, disrupting billions of euro worth of daily business. Read MoreThe major disruption came less than two weeks after Euronext agreed to buy the Borsa Italiana from the London Stock Exchange Group for €4.3bn in a bid to become the leading pan-European market operator. However, an "increase in memory consumption" caused further problems later in the day, halting equities and derivatives until just before the market close. The deal, if completed, will move Euronext closer to its ambition of consolidating Europe's fragmented stock markets ahead of the EU's proposed capital markets union.

Source: Irish Independent October 19, 2020 16:41 UTC