London Stock Exchange tech crashes again
By Jennifer Scott,
The London Stock Exchange (LSE) has suffered yet another technical glitch, this time halting trading for three-and-a-half hours.
Only identified by the LSE as connectivity issues, the problem began at 10.33am yesterday leading to the London market being placed in an auction – this halts trading but allows clients to still see orders on the system.
The problem was solved by 2pm the same day.
Xavier Rolet, chief executive of the London Stock Exchange, said in a statement: “We regret the inconvenience that today’s disruption to trading has caused for our clients.”
He added: “Having resolved the immediate issue, we are working hard to ensure this doesn't happen again ahead of switching to MillenniumIT’s trading platform next year.”
This is the second technical fault ceasing trading in less than a month as just two weeks ago one of the LSE’s servers crashed stopping trading of nearly 300 stocks.
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