Monday, November 30, 2009

Connectivity -- it is important

The following news shows how important the connectivity is.

LSE suspends trade on technical glitch
26 Nov 2009, 1731 hrs IST, AGENCIES

SOURCE: http://economictimes.indiatimes.com/articleshow/5272009.cms?prtpage=1

LONDON: The London Stock Exchange PLC has halted electronic trading because of technical issues.

The LSE says the break to trading on Thursday is due to connectivity issues, but it hasn't yet determined the root cause of the problem.

The exchange has placed all order-driven securities in to an auction call period, which allows customers to continue to place orders into the exchange's order book. The exchange says it will give customers 30 minutes notice before ending the auction period, once it sorts out the technical issue.
Trading went offline at 10.33 GMT, freezing the FTSE 100 at 5,264.97.
The auction call period is usually used to set prices at the start and end of the daily trading session.

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