Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BOLSAS Y MERCADOS ESPAÑOLES, SOCIEDAD HOLDING DE MERCADOS Y SISTEMAS FINANCIEROS, S.A.

(BME)
SummaryChartsNewsRatingsCompany 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

European bourses defend coronavirus plans in extreme conditions

03/26/2020 | 01:10pm EDT
The German share price index DAX graph is pictured at the stock exchange in Frankfurt

Stock exchanges defended their coronavirus contingency plans on Thursday, saying they are working well under extreme market conditions, after banks questioned their level of preparedness.

"These plans ensure that everything is working satisfactorily, including in the context of 'working from home' protocols, and have been executed on close cooperation with supervisory authorities," the Federation of European Securities Exchanges (FESE) said in a statement.

Stock markets have experienced extreme volatility as investors dump shares in the face of a likely recession, sparking talk that suspensions in trading could be needed.

FESE was responding to a questionnaire from banks that are asking exchanges to spell out their business continuity plans during the epidemic, which has left financial districts around Europe looking like ghost towns.

The Association for Financial Markets in Europe, which is helping to organise the questionnaire, said the information gathered will help its members better understand their plans and preparations.

FESE said that exchanges are supervised continually to ensure they remain robust and reliable across a broad spectrum of scenarios, including a pandemic.

Banks have moved trading to back up sites or homes, raising concerns about connectivity speeds and their ability to provide timely liquidity to form share prices efficiently.

The London Stock Exchange on Thursday announced a waiver in fees in a bid to attract more market makers to bolster liquidity.

FESE said regulators like the European Union's securities watchdog ESMA and national regulators have assessed the preparedness of all market participants to ensure they have robust contingency plans and IT systems, FESE said.

London-based Aquis Exchange said it was operating its platform with all staff away from the office.

"We have been running the exchange remotely for over a week and there is not a single person in the office," said Chief Operating Officer Jonathan Clelland.

By Huw Jones


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AQUIS EXCHANGE PLC 0.00% 695 Delayed Quote.47.87%
CME GROUP INC. -2.90% 210.71 Delayed Quote.15.74%
DEUTSCHE BÖRSE AG 0.62% 144.95 Delayed Quote.4.09%
EURONEXT N.V. 0.43% 92.55 Real-time Quote.12.45%
EXTREME CO.,LTD. -2.22% 1059 End-of-day quote.-8.55%
LONDON STOCK EXCHANGE GROUP PLC -0.30% 7960 Delayed Quote.-11.57%
MEMBERS CO., LTD. -2.69% 3250 End-of-day quote.40.15%
ONE STOP SYSTEMS, INC. -3.46% 5.58 Delayed Quote.39.50%
All news about BOLSAS Y MERCADOS ESPAÑOLES, SOCIEDAD HOLDING DE MERCADOS Y SISTEMAS FINANCIEROS, S.A.
02/17PRESS RELEASE : MC2 Therapeutics: Almirall and MC2 Therapeutics enter a License,..
DJ
2020BLACKSTONE  : Casts a Wider Net in Diversity Push
DJ
2020Mubadala, Barings partner to finance European mid-market cos
RE
2020Swiss exchange Six makes highest bid in Italy's Borsa battle -sources
RE
2020Switzerland's Six makes highest bid for Borsa Italiana - sources
RE
2020Euronext offers Rome concessions to win Borsa Italiana - sources
RE
2020SIX trading turnover benefits from COVID volatility, eyes more deals
RE
2020EU penalties for financial trades failures face delay to 2022
RE
2020European exchanges reject London's plan for shorter trading day
RE
2020EU to propose single stock report to compete with London, document shows
RE
More news
Chart BOLSAS Y MERCADOS ESPAÑOLES, SOCIEDAD HOLDING DE MERCADOS Y SISTEMAS FINANCIEROS, S.A.
Duration : Period :
Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
NameTitle
Javier Hernani Burzako Chief Executive Officer & Executive Director
Marta Bartolomé Yllera Financial Director
Jos Dijsselhof Non-Executive Chairman
Francisco Nicolás Tahoces Technology Director
Belén Romana García Independent Director