London Stock Exchange suspends trading

A spokeswoman from the exchange was unable to comment on the reasons for the problems, adding only that all connections were suspended in order that they might be brought back in a controlled way. Despite an initial target of 1145 for the resumption of connectivity, by 1420 the London Stock Exchange announced on its website that “we are continuing to establish connectivity with our customers” and that “this process is taking longer than expected”.

Since 1005 the exchange has declared its market status in ‘auction’ phase, which meant that clients can place orders but they would not be filled until the exchange restarted its electronic trading service. At 1545 the exchange said that trading would resume at 1600.

See also: Singapore stumble

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