All,

It would seem that the LSE are having issues with their trading system at the moment - I don't know how widespread it is, but something to watch out for - here is the message I received:

"Service Update

The Exchange is currently investigating an issue affecting our trading system. We are undertaking immediate analysis and will provide an update as soon as we can."


Ian

IanT(MoneyAM) - 26 Nov 2009 10:35 - 127 of 127
Further update:

Service Update

Due to ongoing technical difficulties, the Exchange has placed all order-driven securities in to an auction call period. The length of this period has not yet been decided and will be scheduled following resolution to the issue.

The market will be given sufficient notice of the scheduled uncrossing time.

All quote driven securities should be considered indicative at this time.

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Good Afternoon Ian, and all,
Can anyone let me know if this is the same glitch as before (happened at 3.00p.m. early November 10th or 11th) ? Also has this ever happened to NYSE or NASDAQ on a regular basis ?
As T.Thomas used to say "An absolute SHOWER!"
Pointdexter

pointdexter,

I am afraid I can't tell you that as I am not privvy to their systems, just updates on service. You would need to contact them directly about that,

Ian

The London Stock Exchange will resume trading of all securities at 14:00hrs. For order-driven securities, an auction call period will commence at 13:30hrs, with uncrossing scheduled for 14:00hrs. For quote-driven securities market-maker prices will be considered firm as of 14:00hrs.

The Exchange will publish an update within 25 minutes.

All,

Trading has now resumed and all order books should start to uncross - if you do see any issues, please let us know and we will flag them up to the exchange,

Ian