London Exchange Is Delayed by Technical Problem
LONDON — The opening of markets in London was delayed on Friday as the London Stock Exchange struggled with a technical issue, a representative of the exchange said. Trading, which should have started at 8 a.m., was pushed until 9:40 a.m. as the exchange tried to determine the cause of the problem.
The company said that it could not provide a comprehensive list of securities that were affected, but that trading was affected on the FTSE 100 and the FTSE 250, as well as some other securities.
On its system notice board, the exchange advised traders who received rejection messages to log out of their trading sessions and log back in.
The London Stock Exchange group’s parent company is in the process of broadening its remit from stock exchanges to financial data. Two weeks ago, the London Stock Exchange Group agreed to buy Refinitiv, a provider of financial data, for about $27 billion, including debt. The acquisition is aimed at putting the group in competition with data giants like Bloomberg.
Shares in the London Stock Exchange Group were up 1.1 percent by midmorning.
The trading problem on Friday occurred during a difficult week for global markets, which have whipsawed in reaction to the ongoing trade war between the United States and China. Stocks swerved up and down on Thursday as China sent conflicting signs about how it would respond to threats of tariffs from President Trump.
Poor economic data has also weighed on stocks, prompting investors to flee toward safer government debt, pushing down yields on Treasuries.
Across Europe on Friday, markets looked relatively calm after the volatility of the day before. The FTSE 100 in London was up 0.6 percent. The Dax in Germany was up 0.9 percent midmorning and the CAC 40 in France was up about 0.8 percent.
In Asia, the Nikkei 225 was up slightly at 0.06 percent, while the Hang Seng in Hong Kong rose 0.9 percent.
Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com