New Zealand Stock Exchange Halts Most Trading Until Tuesday
New Zealand Stock Exchange Halts All Trading Citing Connectivity
(Bloomberg) -- New Zealand stock exchange operator NZX halted all trading and said most platforms won’t resume until Tuesday’s open after traders experienced connectivity issues.
“Following today’s network connectivity issue and consultation with cash market trading participants, NZX has determined not to reopen the cash markets for trading today,” the company said Monday afternoon in Wellington. “The cash markets will open to a normal trading timetable tomorrow.”
NZX halted trading on its main board and debt markets at about 4:10 p.m. local time today -- 50 minutes before the scheduled close -- citing connectivity issues. It said its vendor has identified the root cause of the problem but didn’t give any further details.
NZX’s derivatives market was also shut but may reopen later Monday.
To contact the reporter on this story: Matthew Brockett in Wellington at mbrockett1@bloomberg.net
To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net
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