London Stock Exchange hit with 'connectivity issue'

London Stock Exchange hit with 'connectivity issue'

Summary: The London Stock Exchange is on hold Monday following a "connectivity issue" that halted trading. The timing couldn't have been worse: Volume was heavy in Europe after the U.

SHARE:

The London Stock Exchange is on hold Monday following a "connectivity issue" that halted trading. The timing couldn't have been worse: Volume was heavy in Europe after the U.S. government bailed out Fannie Mae and Freddie Mac.

The UK's Times Online reports:

The LSE suspended connection to the exchange before 9am after some customers experienced problems. The operator admitted it was unsure when trading will restart while the cause of the problem is not yet known.

Today's suspension is the worst since April 5, 2000 — the last day of the tax year — when trading on the London Stock Exchange was delayed for eight hours, with dealing beginning only in mid-afternoon.

Meanwhile traders weren't exactly pleased with the LSE's disclosure and transparency--or lack of it. Those traders aren't kidding. You'd never know there was an outage looking at the LSE's Web site.

Topics: Government US, Banking, Government

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

2 comments
Log in or register to join the discussion
  • which version of windows do they run?

    .... :o)
    deaf_e_kate
  • RE: London Stock Exchange hit with 'connectivity issue'

    People wanted to cash in on the money speculators were making from the taxpayer. Socialize the risk, privatize the gain! http://tinyurl.com/6r9qo5
    dgerard