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

Whatever it is I can only imagine the frustration in the city at the mo with lost trading opportunities.

would it be just me that thinks the big players have been wrong footed on this one and thrown a spanner in the works untill they can reposition their trading models

I've become more cynical by the day so no it isn't just you that thinks a conspiracy may be at work whatever anybody says.

I agree.

right picking up rumours of further tech issues at the LSE
PM
Very funny Throg
NH
one of the big banks saying it will not be up and running until 3pm and the market will remain open to 7.00pm

FTalphaville

You can bet some big players will have worked out how to make millions from this

Waiting to see what the Yank's do first.

Reputational disaster for the LSE. Their days are numbered.

adding to my earlier comment , a 3pm kick off is nicely timed to allow the USA market time to realign as well , what a coincidence

8 September 2008

Service Announcement

Service Update 7

The purpose of this Service Announcement is to inform you that the Exchange is continuing to re-establish connectivity with customers.

Once connectivity has been re-established, it will be possible to enter or delete orders, though electronic execution remains disabled.

Continuous trading will re-commence at the end of the auction period, which will be at least 15 minutes after notice is given.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/08/bcnlse108.xml

Leading Financial Centre - my arse!

This is a joke - when it is coming back on ??

nord,

we will update you as and when we receive service updates from the LSE and we will let you know as soon as the market resumes trading.

Ian

THANKYOU KEEP UP THE GOOD WORK IAN.

Thanks Ian for keeping us updated

Ian, it must be very frustrating for you. Relax and put your feet up until the feed comes back.

Before lambasting the LSE too heavily, from the description given it sounds like the trading systems are up and running but that communications with the outside world have failed. There is a subtle difference.

Micro - whatever the reason, whatever the excuse, this shouldn't happen on one of the world's leading stock exchanges.

Pond Life

I agree, though the way they are going I think its status as one of the world's leading stock exchanges is likely to slip somewhat.