London Srock Exchange Down for trade, page 1
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Topic started on 8-9-2008 @ 06:01 AM by camain

London Srock Exchange Down for trade


www.telegraph.co.uk
Trading on the London Stock Exchange has been halted after a computer system failed on one of the most frantic days of trading seen so far this year.

No orders can be entered and no trade executions will occur, the exchange said on its website. The LSE plans to bring back trading in a “controlled way’’, but couldn't say how long that will take.
(visit the link for the full news article)


reply posted on 8-9-2008 @ 10:08 AM by deltaalphanovember
reply to post by Maxmars



I work at the Johannesburg Stock Exchange and we had to suspend trading all day due to the fact we get our datafeed from the LSE(via TradeElect). Let me tell now that there no conspiracy, just a simple everyday problem that I am not allowed to reveal. In any event, it has been fixed and the trading has been extended until later tonight.


reply posted on 8-9-2008 @ 02:51 PM by Quazga
reply to post by deltaalphanovember



Ok, you said something that sent my spidey senses tingling.

An "everday problem that [you] are not allowed to reveal"? Really?

Hrmm... can't reveal because of why? You revealed the fact that it was an everyday problem just fine, but you can't reveal what it is?

If I were a cop, I'd say you had something to hide. Not to protect yourself, but the system you work with. My guess is that this could be duplicated from outside.

What say you?









Mod Edit: Full quote of preceding post removed. Reply To function used. Please see ABOUT ATS: Warnings for excessive quoting, and how to quote. Thank you - Jak

[edit on 8/9/08 by JAK]


reply posted on 8-9-2008 @ 03:34 PM by Maxmars
reply to post by Quazga



Quazga,

Hermana, you are too good! I wonder why propensity for technical error is considered such a taboo to discuss. Confidence in the system?

Presumably all exchanges are similarly engineered and thus likely to be equally exposed to such 'glitches.'

Well, I was just curious, no need to weaken any economies!
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