Loans and Finance

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Friday, February 25, 2011

LSE Suspends Trading

Share trading in London has been suspended all morning as a result of ongoing technical problems with the London Stock Exchange's prices data (initially, and incorrectly, described by the LSE as a "glitch").

The LSE had to close its Italian stock exchange operation close earlier in this week, because of technology problems.

LSE went live on Monday with a new technology platform called Millennium (a Sri Lankan design).

It would seem that more work needs to be done on the system, and that the LSE needs to explain as to why it went live without evidently being thoroughly tested in parallel with the old system.

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