Skip to main content

Strange Stock Exchange Glitch

Strange Stock Exchange Glitch - The London Stock Exchange says it has launched a probe after a "suspicious" glitch brought down one of its trading systems.

Named Turquoise, the stock exchange's European-wide trading platform was knocked out of action for two hours.

The LSE said in a statement that "human error was to blame for the disruption" which began shortly after 8am on Tuesday.

It added: "Preliminary investigations indicate that this human error may have occurred in suspicious circumstances."

A full internal investigation has been launched by LSE and City authorities have been informed.

LSE's chief executive Xavier Rolet has been keen to migrate the company's main order book trading platform to a new technology that is already in use by Turquoise.

The aim is to make it faster and more attractive to high-frequency trading firms that generate huge volumes.

However, the Turquoise outage incident "coupled with necessary network upgrades" has now forced the stock exchange to postpone the change until next year.

The glitch is the second to hit Turquoise in less than a month, after a problem with a network card forced the exchange to shut the system for over an hour on October 5.

Turquoise had then just moved across to the new technology platform and was being used as a dry run for the subsequent migration of the main UK order book.

A source close to the exchange claimed the LSE was set to announce its decision about the timing of the main order book switch this week.

After the October failure, some of the LSE's largest investment bank clients asked it to postpone the move of the far larger Sets trading book, arguing a repeat of the problem on a bigger scale would be far more serious.

Strange Stock Exchange Glitch
Labels:

Comments

Post a Comment

Popular posts from this blog

Best Indoor Exercise

Best Indoor Exercise - There are several indoor exercises you can do to keep in shape. But which are the best? They can be split in to two categories. The first is body weight exercises, meaning you use your own body weight to provide resistance. The second is using some sort of equipment. There are pros and cons to both. The biggest advantage to doing body weight exercises is they can be done anywhere. Whether you're on holiday, travelling for work, or if you just want a quick exercises to do. There are quite a few body weight exercises that can be done. If you wish to work out your abdominal muscles, sit ups or crunches are a good one. Doing pull ups on a door frame will work out your lats and back. Squatting with just your body weight will work out your thighs and calves. There are also indoor exercise machines by the hundreds. There's the traditional treadmill and exercise bikes which can be used indoors. Resistance bands and free-weights are also good ones for indoo...
Post a Comment
Read more

Kinect Review

Kinect Review - First presented to the world as Project Natal at E3 2009, Microsoft's Kinect sensor peripheral has since been positioned by the software (and hardware) giant as the next phase of Xbox 360's evolution as a platform. A combination of hardware and software, it's been billed as a means for users to interact with their consoles and play games without using a physical controller, using natural gestures, voice commands and face recognition. I've had a final retail Kinect unit at home for a little over a week now, and have had ample time to put the shiny new gadget through its paces. Is it as magical as expected? Will it transform gaming? Or, more importantly, does it even work? Read on past the break for my in-depth review of this ambitious apparatus. Kinect is a single piece of hardware, yet it incorporates several distinct technologies. There's an infrared emitter that floods your play space with invisible light, paired with a CMOS sensor that then l...
Post a Comment
Read more

'Green Hornet' Star Edward Furlong Jailed

'Green Hornet' Star Edward Furlong Jailed - Troubled former teen star Edward Furlong was thrown in jail Tuesday for allegedly violating a restraining order against his estranged wife, just hours after attending the Hollywood premiere of his new film, “The Green Hornet.” Furlong was arrested during a progress hearing Tuesday morning over the 100-yard, three-year restraining order taken out by Rachael Kneeland, People reported. The “Terminator 2” star was found to have violated the order last month by coming within 50 yards of Kneeland and was booked on $75,000 bail, the Los Angeles City Attorney's Office told news outlets. 'Green Hornet' Star Edward Furlong Jailed The arrest is the latest sad chapter for Furlong since Kneeland filed for divorce in July 2009 after three years of marriage. The pair have a 4-year-old son, Ethan. Soon after their split, Kneeland accused Furlong in court papers of rampant cocaine and other drug use and of making threats against...
Post a Comment
Read more