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London Stock Exchange Tackles System Problem

Posted by samzenpus on from the fix-the-glitch dept.

DMandPenfold writes "The London Stock Exchange has taken steps to resolve a system problem that occurred at 4.30pm Tuesday, which saw a delay to the start of the closing auction and knocked out automatic trades during a 42 second period. The problem occurred a day after the high profile launch of its new matching engine on the main equities market, based on the SUSE Linux system from Novell."

2 of 237 comments (clear)

  1. Re:First posters are lame by iserlohn · · Score: 4, Informative

    The system has been online since the middle of last year. Nice for you to drop by and dish out out your golden nuggets of wisdom tough.

    --
    :. Ultimate Control Dedicated/VM Servers
  2. Re:First posters are lame by Anonymous Coward · · Score: 4, Informative

    The summary is even lamer. It didn't knock out any trading. What happened is that the closing auction announcement was delayed by 42 seconds. Normally any trades submitted prior to the announcement get ignored. However, in this case I'll quote from the article:

    LSE traders are required to wait for the message before trading. Normally auction trade instructions sent before the message would not complete, however because of the surprise delay, on this occasion order book trades were allowed to complete later.

    So, no outage, no downtime, no lost trades.