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Technical glitch hits LSE trading | Technical glitch hits LSE trading |
(about 1 hour later) | |
Trading on the London Stock Exchange (LSE) was halted for three and a half hours earlier because of 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 allowed traders to put orders to buy or sell shares into the system, ready for when trading restarted. | |
Normal trading was then able to resume from 1400 GMT. | |
"We regret the inconvenience that today's disruption to trading has caused for our clients," said London Stock Exchange chief executive Xavier Rolet. | |
"Having resolved the immediate issue, we are working hard to ensure this doesn't happen again ahead of switching to [its new] Millennium IT's trading platform next year." | |
The FTSE 100 index was frozen at 5,264.97 when trading was interrupted. | The FTSE 100 index was frozen at 5,264.97 when trading was interrupted. |
After trading was resumed it went on to finish the day at 5,194, which was 3.2% lower than Wednesday's closing price. | |
This fall mirrored similar declines across Europe, due to concerns about the wider impact of state-owned investment company Dubai World asking for a six-month delay on repaying its debts. |