Euronext – cash markets and derivatives markets – is currently experiencing technical issues on its order entry GTD with validity date, with the problem not expected to be resolved before close of day.
The issue, categorised as “technical” by the venue began at 9.37am CET today, 29 February, affecting the order entry service for all cash instruments and all derivatives products.
In a communication to its clients, Euronext said that it advised those who it may concern not to send ‘Good Till Date’ orders with validity date today. “They will be rejected,” said Euronext.
Currently, trading and the post-trade process is taking place as normal on all segments.
“As this issue is not expected to be resolved today, Euronext recommends members to send your orders with Time in Force Day, GTC or GTD with validity date of tomorrow. GTC/GTD with validity date of tomorrow can be cancelled by Market Surveillance upon your request, so please contact the Operational Client Support […] Euronext regrets any inconvenience caused,” the exchange explained.
Read more: ESMA publishes recommendations for trading venues in the event of a market outage
This latest market disruption is very likely to contribute to the continued interest from regulators as to how trading venues should reinforce their operations and communication systems to be more resilient and effective in the event of market outages.
Speaking to The TRADE, Euronext said: “The problem has been duly identified and is solved for tomorrow’s session. Please be aware that this has not impacted trading or post-trade activities.”