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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (77264)	8/4/2011 12:14:29 PM
From: carranza2	Read Replies (2) \| Respond to of 217867

NYSE Euronext (NYX) said a technical fault suspended trading of some derivatives on its Liffe market and halted price updates on its European stock indexes as the region’s equities plunged the most in 13 months. The Financial Trading Engine 1 derivatives platform is down and indexes in Paris, Brussels, Lisbon and Amsterdam were suspended from 4:28 p.m. to 5:20 p.m. local time, NYSE Euronext said on its website. Trading in equities is unaffected, the exchange said. “For the system to be down today is a total disaster,” said Lex Van Dam, a London-based fund manager at Hampstead Capital LLP, which oversees $500 million. “This is a really scary market. It’s so busy and for people not to be able to get out of their positions or hedge on today of all days is really terrible.” The Stoxx Europe 600 Index tumbled 3 percent to 244.52 at 4:23 p.m. in London, heading for the biggest drop since June 29, 2010. A measure of global equities fell 10 percent from this year’s high in May today, entering its first so-called correction in more than a year, as concern grew that the economic recovery is faltering.