London Stock Exchange system problem

25th Feb '11 by emptyend

4 comments 4574 reads

You may have noticed that prices are not "normal" this morning [i.e. some are not down ;-)]

Major systems problems at the LSE have led to trading being suspended in most stocks. Further details can be found here: http://liveservice.londonstockexchangegroup.com/en/incidents/active/lse

The latest comments are:

Friday, 25/02/2011 08:59:32

The uncrossing trades and the automatic trades (UTs and ATs) that took place in SETS and SETSqx securities this morning will stand. London Stock Exchange continues to investigate the market data issue. Participants can continue to delete but not enter orders at this time and no automatic execution is taking place. All market maker quotes are indicative only.

Friday, 25/02/2011 08:33:22

London Stock Exchange continues to investigate this morning's market data issue. Order entry has been disabled and SETS and SETSqx is being put into a HALT phase in accordance with our protocol. Participants can continue to delete orders. Further updates will be provided shortly.

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emptyend

25th Feb '11

Interesting to see this in the FT comment on the matter:

In a sign of how rivals are adjusting to outages at main exchanges, Goldman Sachs on Friday activated an order routing system for clients, built out in recent weeks, that allows traders to continue trading when a primary exchange goes down.

Trading was proceeding normally on Chi-X Europe, BATS Europe and IG Group, the spread betting company that also trades in UK shares.

....more Goldman serendipity?

Fangorn

You have to hand it to those guys...always ahead of the game!

thegreatgeraldo

They're about to try again....

Friday, 25/02/2011 11:44:15 - The order driven markets are currently in a PAUSE phase and firms are successfully entering, deleting and modifying orders.

The Exchange will now place the order driven markets into a RESUMPTION AUCTION CALL period with an uncrossing scheduled to take place at 12:15hrs, continuous trading will start immediately thereafter.

For clarity, the Exchange does not intend to extend scheduled trading hours today.

snickers

27th Feb '11

And on Sunday night, Firefox, Chrome and Safari have the LSE flagged as an attack site...
If you missed it: http://www.highseverity.com/2011/02/london-stock-exchange-hit-by-malware.html

London Stock Exchange system problem

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Emptyend

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