Feeds

London's stock exchange crashes again

Who's to blame this time?

Build a business case: developing custom apps

Updated The London Stock Exchange has suffered yet another systems crash, leaving brokers high and dry since 9.30 this morning.

The Exchange last went down in September 2008 and took almost the entire day to get back online. That outage, on one of the Exchange's busiest days, was the day after the $200bn bailout of US housing giants Freddie Mac and Fannie Mae, leading to lots of conspiracy theories.

The TradElect platform on which trading depends has a flakey history despite a .NET upgrade overseen by Accenture. Microsoft and Cisco were blamed for the last failure, but the Exchange chose not to reveal what the problems were.

From 9.33 this morning customers had problems connecting to two Trading Gateways, problems which lasted an hour.

By 10.35 the Exchange gave up and put all orders in to an auction call period - buy orders are matched to sellers, but the deal does not actually go through until the period ends. LSE has yet to announce when this "uncrossing time" will be.

The update page is here.

Updated:

The Exchange restarted continuous trading at 14.00. A spokeswoman was uable to tell us what caused the failure. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.