Monday, September 8, 2008

Computer glitch knocks out London Stock Exchange

Trading on the London Stock Exchange (LSE) was halted this morning for the longest period in over eight years because of a “connectivity issue” on one of the busiest days of 2008 following America's £110 billion bailout of Fannie Mae and Freddie Mac.

The LSE suspended connection to the exchange before 9am after some customers experienced problems, after double the number of shares traded on London in minutes after the market opened.

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