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One of Europe's biggest derivatives exchanges opened late after experiencing 'serious issues'

Deutsche Boerse's Xetra trading platform experienced disruptions due to technical problems, the company said on its website.

  • Two of Deutsche Boerse's trading platforms experience major "issues" on Wednesday morning.
  • Outages force both the Eurex and Xetra platforms to begin trading late.
  • By 8.00 a.m. GMT issues had been dealt with, Deutsche Boerse said.

LONDON – Two of the trading platforms at Deutsche Boerse opened late on Wednesday morning after experiencing "issues."

The location of euro-denominated trade clearing has been a hot topic since the euro first entered circulation in the late 1990s.

European policymakers have argued that euro clearing should take place within the euro area. Britain has repeatedly had to defend its right to clear euro trades, given that it does not have the euro. Years of disputes culminated in a legal battle in 2015, which the UK ultimately won.

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However, Brexit has provided fresh impetus for those seeking to move clearing out of London. The ECB proposed a change to its statutes that would give it"a clear legal competence in the area of central clearing," back in June.

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