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London Stock Exchange down today

The bad news today is that the LSE cannot trade.  Whoops! 

Their website shows that they haven’t traded since 9:07 this morning due to connectivity issues, and they’re still struggling to get back online at lunchtime.

The TradElect platform, that major £40 million investment vehicle, may be playing up.  And all this happens on one of the heaviest trading days of the year, after the U.S. Government’s takeover of Freddie Mac and Fannie Mae.

No wonder John Waples of the Times and Richard Wachman of the Observer think that Dame Clara Furse’s time is up … or is that just a post-MiFID hangover that she’s been unable to cure?

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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  • Didn’t they outsource it all to Accenture, who outsourced it all to India? Sounds like the basis of a great thriller, with gambling syndicates (otherwise known as investment banks) trying to manipulate prices by planting rogue code in the LSE system…