Trading on the London Stock Exchange was halted this morning because of a computer fault, interrupting a surge in share prices as markets reacted to a U.S. mortgage bailout.
The LSE said it has been suspended because of a “connectivity” problem — meaning that transactions could not be completed — after customers noticed problems just 45 minutes into the trading day.
Shares had been soaring after the U.S. bailout of its mortgage market. The FT-100 was up nearly 4 percent when trading halted.
The LSE was unable to say when the market was expected to reopen. A spokesperson said existing trades should be processed through the computer system once the system is restarted.
Tee hee. Now, there are a few IT geeks who are pulling their hair out.
Ummmm,,,,,
Ya..
something to HOLD the economy BACK…YEA!!!
Obviously some programmer’s shares start going down thus invoking:
if ($mySHARES HaltExchange();
}
else
{
$pension_package->RunExhcnage();
}
😀
Somebody is after UK, ha?
1. Politics are threatened http://www.votetheday.com/polls/threat-to-gbrowntblair-35/
2. They are so over flooded with migrants, that starts to limit them http://www.votetheday.com/polls/solution-to-uk-migrants-problem-202/
3. And now their stock exchanges are being hacked 😀
This was awfully suspicious. At the same time United Airlines’ stock was taking a plunge because of an old news item about filing for bankruptcy, got “mistakenly” printed in their newsletter. The stock recovered after this mistake was corrected. But the UK computers crash, either blocked the plunge there, or prevented recovery from it later. It would be telling to know which. Either way, I’ll bet someone made a tidy profit from this crash. Insider trading?
highly suspicious…i’m with #5..something is up… -also..wouldn’t surprise me if someone crashed the system, so that the US market traders could get more of a lions share of the trades from the supposed “good fortune/news”
of the Fannie/Mae taker over…ie, allowing key manipulators in our markets to further feed the frenzy here so the London traders chomp at the bit even harder on wanting to get in on the action while the “bug” is worked out..and we get more trades on the ground floor price, or some such…
so many conspiracies…so little time…
-s
whilst watching the US market’s temporary monopoly (vs london) on “ground floor trading(prices) , while the “bug” i worked out..are even more anxious to get in on the buying frenzy