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'Suspicious' glitch delays LSE trading switch

'Suspicious' glitch delays LSE trading switch

The London Stock Exchange is delaying the adoption of new faster trading technology after a "suspicious" glitch shut down its Turquoise platform.
The FTSE-100 benchmark index was down 1.3 percent at 5,756.1 on Wednesday after the LSE said it's pushing back the introduction of the new trading system _ planned for this month _ until next year.
The LSE says it has informed regulators about a two-hour disruption to its pan-European platform Turquoise _ which had already migrated to the new technology _ on Tuesday morning after its own investigation revealed that human error was to blame amid possible "suspicious circumstances."
The move to swifter technology is critical for the London exchange to compete with newer rivals such as Chi-X Europe and Bats Europe.


Updated : 2021-07-23 23:39 GMT+08:00