By Gemma Simpson, 8 November 2007 16:36
NEWS
The London Stock Exchange (LSE) is operating as normal after a technical issue yesterday.
An LSE spokeswoman said, towards the close of business yesterday there was a technical issue within Infolect - the primary source of the LSE's real-time market data - which affected the ability of member companies to fully participate in continuous trading and the subsequent closing auctions.
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The spokeswoman added while the platform remained operational and prices continued to be disseminated to the market as usual, connectivity issues affected a number of companies placing orders during this period.
The cause of the technical issue has been identified and a fix implemented, she added.
The LSE has escaped such technical glitches for more than seven years - with a problem in April 2000 that brought trading to a halt for the most part of a day.
Comments
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1. John King
What was the actual flaw, it is important to know if they have really fixed it? Was it because of a large number of trades /traffic? Or because of a faulty fiber optic / Switch / router or virus globbing up the network capacity?
How do we know it is not going to happen again if trade volumes spike?