Glitch forces Nasdaq to close Stockholm stock market early

Nasdaq, the world’s biggest supplier of technology to stock exchanges, was forced to close its largest equities market in Europe earlier than expected on Friday owing to technical problems.

The exchange had repeated issues with its equities and derivatives market during the day and shut its Stockholm market at 11am, two hours earlier than expected. The issue also forced the early closure of its Baltics markets. Nasdaq runs the main exchanges in Sweden, Denmark, Finland, Iceland, Estonia, Latvia and Lithuania.

Lauri Rosendahl, president of Nasdaq’s European equities and derivatives business, said the exchange was working diligently to correct the fault and was in close contacts with its regulators. “We apologise for the inconvenience this has created for our exchange members and all investors in our markets,” he said.

After delays of two hours Nasdaq reopened its main equities and derivatives markets in Copenhagen, Helsinki and Reykjavik.

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