08.16.2019

London Stock Exchange Has Longest Outage Since 2011

A technical glitch delayed the start of trading today on the London Stock Exchange.  LSE’s partition 1 and 2 (FTSE 100 FTSE 250 and IOB instruments) open was delayed. Partition 3 operated as normal.

The “technical software issue” delayed the opening of trading until 09:40. Instruments on partition 1 and 2 will resume in an opening auction call at 09:20 and uncrossed at 09:40.

Source: Mondo Visione

Some reactions on Twitter:

Chris Hughes at Bloomberg Opinion wrote: “The London Stock Exchange’s trading failure on Friday came at a bad time for the markets but a relatively good time for its newish CEO David Schwimmer. The former Goldman Sachs Group Inc. banker has been enjoying a glorious honeymoon. It had to end at some point.

The precise cause of the outage, fixed within an hour and 40 minutes, isn’t clear. But when trading isn’t available for such a long period after the scheduled open, something has gone badly wrong. Time for an investigation.”

Related articles

  1. Settling US shares into DTC allows global investors to trade more shares through one connection.

  2. Marketnode is building out an end-to-end DLT-enabled fixed income infrastructure.

  3. Hermes Warns of Brexit Risk to Asset Managers
    Daily Email Feature

    Equivalence a Theme at FIA IDX

    Trade associations have asked for an extension of the temporary equivalence decision for UK CCPs. 

  4. Contracts will be based on Bloomberg Barclays MSCI Global Green Bond and Euro Corporate SRI indexes.

  5. July 4 week may not be so slow after all.

    Nearly a dozen retail brokers have joined to evaluate how market infrastructure and rules should evolve.