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

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.

Cheers Ruth, thanks Ian. Fancy a game of cards?

its intriguing. The Dow Daily cash is pretty much as was when the FTSE went down. Its like nothing has happened although I guess people are pulling their hair out in the city. Of all the interviews i have heard today not one person thinks this is sustainable. Expect the FTSE to be down massively tomorrow or maybe wednesday if the Asian markets stay in cloud cuckoo land.The bears are back in town grrrrrrrrrrrrrrrrrrr.

What's the bet it comes back at 4.29 today

8 September 2008

Service Announcement

Service Update 10

The purpose of this Service Announcement is to inform you that the International Order Book and International Bulletin Board will NOT be available for automatic execution for the rest of today.

No closing prices will be issued in these trading segments (IOB, IOBU, ITBB and ITBU) today.

The remaining Trading 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.

8 September 2008

Service Announcement

Service Update 11

The purpose of this Service Announcement is to inform you that the auction will uncross at 16:00 BST (subject to a 30 second random period) at which time continuous trading will resume.

From this time market maker quotes in both quote and order driven markets will be firm.

There will be no further change to the remainder of the trading day. Therefore, the Closing Auction will commence as scheduled at 16.30 and uncross at 16:35 (subject to a 30 second random period).

I bet it goes down straight away - to much volume, may as well waited till morning

Fingers at the ready !!!!!

What what?????

back to normal now!

If you went long just before the outage you'd be in trouble now thr' no fault of your own

Thanks Iam for your hard work keeping us informed

I mean thanks Ian