Thursday, 7 June 2018

Trading in shares on the London stock market delayed by an hour on Thursday morning



Trading in shares on the London stock market was delayed by an hour on Thursday morning.

 
A spokesperson for the London Stock Exchange said the opening auction was delayed to investigate a technical issue.


Trading normally begins at 08:00 each weekday, but Thursday's opening session did not begin until 09:00.


By mid-afternoon, the benchmark FTSE 100 index was up 0.15% at 7,723.73.


A spokesperson for the LSE said a software issue had disrupted orders made during the pre-open auction system.
As a result, the decision had been made to delay the market open "to preserve the integrity of the market and to ensure orderly trading".


According to software expert Lev Lesokhin, who is head of strategy at CAST, outages like this are almost inevitable.


"Exchanges have been competing on their ability to support multiple trade types, which drives up complexity," he said. "All this while volumes are driven up by algorithm trading."





BBC     News.