08.16.2019

London Stock Exchange Has Longest Outage Since 2011

08.16.2019
Shanny Basar

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. Partnership brings cutting-edge trading functionalities to the voluntary carbon market.

  2. $63.8bn of shares were executed in the Closing Cross in 2.04 seconds in Russell's annual reconstitution.

  3. This year's traded notional exceeded €100m compared to last year’s €20m.

  4. The suite of tradeable indices are based on the Bloomberg Fixed Income Indices.

  5. Clients can access UMBS TBA futures alongside U.S. Treasury and short-term interest rate contracts.