The European Central Bank trading Settlement system has resumed operation

On February 28, Jinshi Data News, according to foreign media reports, the European Central Bank's Securities Settlement system experienced a communication interruption earlier on Thursday due to hardware failure, and is now back in operation. In a statement, the European Central Bank stated that the TARGET2-Securities (T2S) platform is "operating normally, and the event that previously affected application-to-application outgoing and incoming communication due to hardware components has been resolved." T2S facilitates the exchange of securities and cash, making it the cornerstone of the region's financial market channels, with an average daily volume reaching 790 billion euros (approximately 823 billion US dollars) in 2023.