Page last updated at 19:09 GMT, Thursday, 26 November 2009

London Stock Exchange trading hit by technical glitch

LSE sculpture The Source
The LSE says it was experiencing connectivity issues

Trading on the London Stock Exchange (LSE) was halted for three and a half hours earlier because of technical difficulties.

The LSE said it had been affected by connectivity issues, and at 1033 GMT had placed all orders for shares into an "auction call period".

This allowed traders to put orders to buy or sell shares into the system, ready for when trading restarted.

Normal trading was then able to resume from 1400 GMT.

"We regret the inconvenience that today's disruption to trading has caused for our clients," said London Stock Exchange chief executive Xavier Rolet.

"Having resolved the immediate issue, we are working hard to ensure this doesn't happen again ahead of switching to [its new] Millennium IT's trading platform next year."

The FTSE 100 index was frozen at 5,264.97 when trading was interrupted.

After trading was resumed it went on to finish the day at 5,194, which was 3.2% lower than Wednesday's closing price.

This fall mirrored similar declines across Europe, due to concerns about the wider impact of state-owned investment company Dubai World asking for a six-month delay on repaying its debts.



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MARKET DATA - 11:36 UK

FTSE 100
5429.64up
23.70 0.44%
Dax
5733.05up
19.54 0.34%
Cac 40
3784.02up
14.48 0.38%
Dow Jones
10403.79up
78.53 0.76%
Nasdaq
2273.57up
35.31 1.58%
BBC Global 30
5707.15up
20.65 0.36%
Data delayed by at least 15 minutes

SEE ALSO
Investor nerves hit LSE profits
25 Nov 09 |  Business
LSE seeking new trading ceremony
28 Oct 09 |  Business
LSE and 3i back in FTSE 100 index
10 Jun 09 |  Business
Rolet replacing Furse as LSE boss
13 Feb 09 |  Business
An idiot's guide to the LSE
06 Feb 09 |  Business

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