Feeds

London Stock Exchange investigates IT 'sabotage'

'Suspicious' 2-hour outage probed

Bridging the IT gap between rising business demands and ageing tools

The London Stock Exchange is investigating a suspected sabotage after a trading platform was crippled for two hours.

The outage hit the Turquoise system yesterday.

"Investigations... have revealed that human error was to blame for the disruption that began at 0823am this morning," the LSE said in a statement.

"Preliminary investigations indicate that this human error may have occurred in suspicious circumstances.

"[We] take this matter very seriously and a full internal investigation has now begun. The relevant authorities have been informed."

The suspected sabotage has prompted the LSE to postpone the planned migration of its Main Market to a new ultra low latency platform built by MillenniumIT, a Sri Lankan firm it bought last year. Turqoise was migrated to the new network over the weekend.

"Given that December is an agreed change freeze period, the London Stock Exchange Group will work in partnership with customers to agree a date as early and practicably as possible in 2011 to reschedule the Main Market migration," the statement continued.

The LSE also acquired Turquoise late last year, after it ran in to financial trouble. It had originally been set up to challenge the LSE's dominance of City trading.

Other, stronger rivals have put the LSE under pressure in recent years. ®

If you know more about this incident please contact the author in confidence by clicking on the byline.

Application security programs and practises

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.