Mexico Stock Exchange Halts Trading After Engine ‘Disconnection’

Mexico City's Stock Exchange. (PHOTO: noticias.starmedia.com)

Justin VillamilFri, October 9, 2020, 9:42 PM CDT·1 min read

(Bloomberg) — Mexico’s main stock exchange, the Bolsa Mexicana de Valores, halted trading at around noon on Friday due to a “disconnection in the trading engine.”

Spokesman Alberto Maya Sanchez confirmed that an “administrative recess” was declared at 11:56 a.m. in Mexico City. Trading had stopped at around 11:33am, according to Bloomberg data, and had yet to restart as of the market close in Mexico City.

The company said in a statement late Friday the suspension was due to an error caused by a technology provider. Despite rumors, the exchange said it had ruled out a cyber attack and that it operates with adequate security standards.

Mexico’s challenger stock exchange — the Bolsa Institucional de Valores — said that its operations remain normal and without any setback, according to spokesman Salvador Leal.

Source: bloomberg.com



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