All,


Our suppliers have informed us that the LSE is currently having a problem, which is resulting in the slow running of level 1 and level 2, and is effecting all vendors, they are working to resolve it.

Ian

Suspect IG are trying to anticipate what is going to happen.

maybe...long term i smell salivating bears. I just wish I had held my powder a little longer before I shorted at Plus 200

8 September 2008

Service Announcement

Service Update 3

The purpose of this Service Announcement is to inform you that the Exchange continues to implement the appropriate corrective actions.

Following these actions, and to ensure a fair and stable market, all order book segments will be placed in an auction phase. Once connectivity is re-enabled, it will be possible to enter or delete orders, though no electronic execution will occur at that stage. Continuous trading will re-commence at the end of that auction period.

All timings will be confirmed by a further Service Announcement.

Phoned LSE, they dont know when it will be back up and running.We will let everyone know as soon as we know something

8 September 2008

Service Announcement

Service Update 4

The purpose of this Service Announcement is to inform you that in preparation for re-enabling connectivity, the Exchange will be placing all order book segments in to an auction phase.

A further announcement will be issued to confirm when connectivity will be re-enabled.

What a humiliation for the LSE!

Storey - FTSE Futures been trading throughout. Currently still up around 270 points.

Isaacs, should be a bit of a gap up when its does go back into auction which might cause a few issues with stops for those on shorts. Will be a very difficult few hours when it does re-open.

no "humiliation" ...... it is far from uncommon with such large moves and has been seen in NY more often that London .... as i see it, it is just that the order books get swamped, i guess because there is so much AT (computer generated) traffic.

I stand corrected cynic.Nevertheless, busy days should not cause outages in my view.

Does moneyam not show AU on electronically traded stocks ie CDN.

i agree. Companies are sold the sob story by IT companies that they need to have a capacity 10 times bigger than they actually need yet they still fall over. With a parallel hot standby network there should be such resilience that nothing should go down ever. Thats why DR plans exist

I'm not sure I understand this 'busy' day idea. As far as individual stocks go, banks and builders heavily traded and everything else is pretty much ignored and has been for several weeks so overall volumes are surely very poor so why the outage? FTSE opens 180 higher and by and large along with most shares hasn't moved.

john50,

Can you elaborate a little please I am not sure what you mean by AU?

Ian

8 September 2008

Service Announcement

Service Update 5

The purpose of this Service Announcement is to inform you that as previously communicated the Exchange has placed all order driven markets in a continuous auction and quote driven markets in a non-mandatory period.

Connectivity will be re-established once all of the necessary corrective actions have been completed. A further announcement will be issued to confirm when connectivity will be re-enabled and a subsequent announcement will be issued to provide prior notice of when continuous trading will be re-enabled.

Lets hope the shorters take a deserved spanking

The problem with having a parallel 'hot-standby' network is that it costs twice as much -- and it may still go wrong. Hardware will fail, software is never adequately tested, usually because of complexity and the difficulty of simulating 'live' workload.

In my experience of building systems for organizations, it is extrememly difficult to get them to spend sufficicent money to ensure one working system of barely adequate capacity. Sob stories just don't come into it.

Has this changed to a BDSM site??

we might loose the battle but we will still win the war there is no way this is going to fly long term The US has just increased the national debt by 12%. I might be getting spanked but im still smiling

Hi Ian once a share goes into auction AU should appear beside it to let people know the aucton has started, they show it over on advfn.