London Stock Exchange trading hit by technical glitch

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BBC

Trading on the London Stock Exchange (LSE) has been brought to a halt by technical difficulties.

The LSE said it had been affected by connectivity issues and at 1033 GMT had placed all orders for shares into an "auction call period".

This allows traders to put orders to buy or sell shares into the system but without executing them.

The LSE said it was looking into the problem but did not know how long it would take to resolve.

It added that when a solution was found, it would give investors a 30-minute warning that the auction would end.

The FTSE 100 index of leading shares was down 99.84 points, or 1.9%, at 5,264.97 when trading was interrupted.

Share markets across the world have been trading lower on Thursday after the investment company Dubai World asked for a six-month delay on repaying its debts, raising concerns about Dubai's financial health.

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Posted by PIMPIN TURTLE at 11/26/2009 8:13 AM
Categories: Latest News,Economics
Tags: glitch London Stock Exchange auction call period LSE FTSE Halted
 

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