Exchange Glitch Delays German Stocks, Futures on Day of Big IPO

By
Joe Easton
and
Iain Rogers
Updated on
  • $100-billion-a-day Bund market delayed by more than an hour
  • Xetra stocks also impacted ahead of Siemens Healthineers debut

Equity and derivatives trading was delayed on the day of a landmark stock debut in Germany due to a technical glitch, Deutsche Boerse AG said.

Trading on the Eurex derivatives platform began at 9:20 a.m. in Frankfurt, an hour and 20 minutes later than normal, impacting options and futures including Europe’s most traded financial derivative, 10-year German government bond futures.

On Xetra, the company’s main electronic trading venue for equities, technical problems delayed the market open just as traders awaited the start of trading for Siemens Healthineers AG. The Siemens AG unit raised 4.2 billion euros in its initial public offering Thursday, the county’s largest listing since 2016.

Germany’s benchmark DAX index was up 0.4 percent and Bunds little changed at 09:46 a.m. in Frankfurt.

— With assistance by Lukas Strobl

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