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

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.

Latest LSE Update:

2.20pm

We are continuing to establish connectivity with our customers. This process is taking longer than expected.

A further update will be provided.


Once connectivity is established orders can be entered and deleted, but no electronic execution will occur until the uncrossing and commencement of continuous trading.

8 September 2008

Service Announcement

Service Update 8

The purpose of this Service Announcement is to inform you that the Exchange will be suspending connectivity to Trading for a short period of time from 14:45 BST to ensure a controlled reconnection for customers. During this time customers are required to reset their connection status to ensure legitimate connections can be established once connectivity is re-enabled.

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.

that'll be fun!

I'm pretty certain that AM's beloved supplier will forget to reset their connection as requested and so totally miss the reopening :-)

The LSE is not alone . . . ICE having problems too.

Last Update: Sep 8, 2008 - 9:38AM ET


ICE Trading Platform Issue - Certain Markets Closed

The ICE trading platform is experiencing technical issues and as a result, certain markets have been closed. Once the issue is resolved, market re-open times will be posted below.

All unexecuted active orders in closed markets have been held.

For current position or deal reports, please select the desired report from the Login Section in the upper right-hand corner of the page.

This page will be updated with additional information regarding this issue and updated market status.

Pond Life, coeliac1:

So what you are saying is that nothing should go wrong, ever :)

No if you understand IT. There should be 3 of everything to cover things like this. A nuclear bomb should be able to hit london and the delivery should be routed to another datacentre, even if that is in India. There is no excuse for something like this happening. I am 100% in the conspiracy camp

No if you understand IT :))))))

What a day to go down,couldnt have picked a worse day hey.

Ian.

Any idea whether trading will be extended into the evening? What does past experience tell us?

I am not in the conspiracy camp at all. Where I have a problem is that many millions of pounds are at stake in markets run by the LSE. They had problems back in 2000 when the exchange went down for 8 hours- that should have been the catalyst for a thorough review and the provision of adequate back up procedures as a result.

For such an important facility to be down again for such a long period- now 7 hours, is a disgrace to my mind. The lost opportunities for the businesses which trade in markets must be enormous and especially annoying when they have had such a hard time in the credit crunch era.

Dealerdear, experience tells us that you cant trust a word they say, they might say they are having an extended auction and that goes tits up too.as as happened in the past
really do feel for anyone with any stock positions open at moment, its like russian roulette now

dealer,

I cannot say - this is the longest I have ever seen the LSE down.

If that happens, we will let you know,

Ian

8 September 2008

Service Announcement

Service Update 9

The purpose of this Service Announcement is to inform you that the Exchange will be re-enabling connectivity from approximately 15:15 BST.

Connectivity is being phased, and following the completion of these actions, all order book segments will remain in an auction phase. Once connectivity is re-established, it will be possible to enter or delete orders, though no electronic execution will occur at this stage.