Friday 27 May 2011

Traders "evacuate their rage" on the London Stock Exchange glitch: quotation

"It's a bit frustrating - we had reasonable shots in these markets in the last days and one cannot trade." They have not covered themselves in glory really. »

"Traders will be ventilation rage." This is yet another glitch in the negotiation and traders who remember again the same interrupted questions about 3 hours in 2009, will be without doubt be ventilation fury this morning on the London Stock Exchange. At a time of uncertainty in markets, where traders are having to keep on your toes with the situation in Libya, the last thing that they need is an unexpected shutdown in the negotiation. »

"It is not surprising that the LSE is losing market share and it is not good PR for the company which is located in the documents not only for its merger with TMX but now also for the launch of its new pan-European trading platform." The industry is consolidating as competition between exchanges became fierce and glitches like this are not our exchange of favours lighthouse. The hope is that any mergers will quickly address these technical issues. But don't hold your breath! »

"Twice in one week with the blame game in full flow does not inspire confidence." Person really failed to comment on this till after 8: 30 am, which is worrying. »

"London seems to have to use a"Kray expression", a bit of precedent in terms of its technological systems break." I am sure that they occur elsewhere in the world, but I don't know if that it is brought to our attention in the same way. LIFFE fell down about eight years on a number of occasions to acute embarrassment not only management, but also the market, because he eventually Euronext portfolio where he seems to have lived happily ever after.

"The last time that the LSE system failed to muster was in September 2008, when it was closed for a day." Since then a new computerized system called "Millennium" has been installed - more robust, more quickly and supposedly the response to problems of all merchants. I am informed reliable installation of a double operation is implausible in technical or economic terms. I'll take this comment on their nominal value. It is very frustrating that London lives remain the financial capital of the world. "

"Systems are not infallible and outages occur, however, it is essential for any primary market, system to have a high level of Exchange time."


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