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Admin
25 Feb '11

LSE Team Member
Dear All,

The Stock Exchange have reported problems this morning, and have paused trading on SETS and SETSqx - you can read updates at:

http://liveservice.londonstockexchangegroup.com/en/incidents/active/lse

There is not a problem with our services; there simply is no trading occurring!

Regards,

Admin

 

 

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Admin
25 Feb '11

LSE Team Member
(From the Stock Exchange Link Above)

Friday, 25/02/2011 08:33:22
London Stock Exchange continues to investigate this morning's market data issue. Order entry has been disabled and SETS and SETSqx is being put into a HALT phase in accordance with our protocol. Participants can continue to delete orders. Further updates will be provided shortly.

 

Admin
25 Feb '11

LSE Team Member
(From the Stock Exchange)

Friday, 25/02/2011 08:59:32

The uncrossing trades and the automatic trades (UTs and ATs) that took place in SETS and SETSqx securities this morning will stand. London Stock Exchange continues to investigate the market data issue. Participants can continue to delete but not enter orders at this time and no automatic execution is taking place. All market maker quotes are indicative only.

 

Xanthamgum
25 Feb '11
Maybe it's not the shares that need automatic execution!

 

Sharkyboy
25 Feb '11
admin when are we likely to get a update as to when trading will recommence???

 

Admin
25 Feb '11

LSE Team Member
(From the Stock Exchange)

Friday, 25/02/2011 10:19:40
London Stock Exchange continues to investigate the market data issue.

All order books have now been cleared of orders and no automatic execution is taking place in all trading services; market maker quotes have also been closed on SEAQ and SETSqx trading services.

This incident website is updating slowly under high demand and market participants should ensure they monitor the Exchange's Service announcements:

http://www.londonstockexchange.com/products-and-services/technical-library/service-announcements/2011/home-2011.htm

No time has yet been set for the reopening uncrossing auction call period to start. Advanced notice will be given of the subsequent uncrossing time.

Further information will be provided shortly.

 

oiky
25 Feb '11
Just read your 'Admin Message'. Apologies for previous 'sarky' post.

 

Admin
25 Feb '11

LSE Team Member
(From Stock Exchange)

Friday, 25/02/2011 10:47:56
The Exchange continues to investigate today's ongoing market data incident

Order driven markets remain in a HALT state and no automatic execution is possible at this time.

No time has yet been set for the reopening uncrossing auction call period to start. Advanced notice will be given of the proposed uncrossing time.

Further information will be provided shortly.

 

Admin
25 Feb '11

LSE Team Member
(From the Stock Exchange)

Friday, 25/02/2011 11:27:13
The London Stock Exchange has resolved the market data issue.

The order-driven markets will be placed into a PAUSE phase with immediate effect. This will enable clients to enter, delete and amend their orders. The Exchange will then move into an auction call phase and will give notice of at least 20 minutes of the auction uncrossing time.

All legacy orders have been deleted from the order book.

A further update will be provided shortly.

 

Admin
25 Feb '11

LSE Team Member
(From the Stock Exchange)

Friday, 25/02/2011 11:44:15
The order driven markets are currently in a PAUSE phase and firms are successfully entering, deleting and modifying orders.

The Exchange will now place the order driven markets into a RESUMPTION AUCTION CALL period with an uncrossing scheduled to take place at 12:15hrs, continuous trading will start immediately thereafter.

For clarity, the Exchange does not intend to extend scheduled trading hours today.

Further updates will be provided shortly.

 




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