25 February 2011

London Stock Exchange Shuts Down For Four Hours Due To Computer Glitch

Trading on the London stock Exchange was suspended this morning after a new computer system broke down. The London Stock exchange blamed market data technology for the problems and said that an investigation would be launched to look into the matter.

Traders will not be best pleased by the stoppages, the current volatility of the markets requires traders to be on their toes, not hanging around twiddling their thumbs.

It would be difficult for the timing of these problems to be any worse; the London Stock Exchange has been negotiating a merger with the TMX (the Canadian stock exchange). No doubt the Canadians were not impressed.

This is not the first mishap the London Stock Exchange has had to face recently, trading was suspended in November for three hours and there are rumours that prices were incorrectly displayed on their system last week.

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