UPDATE 2-Swiss bourse to resume trading on Friday

Thu Nov 12, 2009 12:20pm EST

* Bourse expects to resume trading on Friday

* Technical malfunction stopped trading in all products (Updates with bourse to reopen on Fri)

ZURICH, (Reuters) - Trading should resume on the Swiss stock exchange on Friday after a technical malfunction stopped trading in all products on Thursday afternoon, the SIX Swiss Exchange said.

The exchange said in a statement the cause of the incident which stopped trading at 1343 GMT had been identified and steps were being taken to remedy the situation.

"SIX Swiss Exchange and Scoach Switzerland Ltd regret this incident and are planning for the orderly resumption of trading on Friday," it said.

It added that the last paid price for a given security would be the determiner of the daily closing price for Thursday and index calculations would also be based on those closing prices. (Reporting by Rupert Pretterklieber; Writing by Emma Thomasson; Editing by Greg Mahlich)

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