Ups And Downs On The LSE

By Amanda Last edited 122 months ago
Ups And Downs On The LSE

A hiccough in the system led to major headaches yesterday when trading was suspended for seven hours on the London Stock Exchange. Some brokers found they were unable to trade shortly after the market's opening yesterday. Connectivity issues were blamed, and all trading was suspended in the name of fairness. However, yesterday was the first business day after it was announced that the US mortgage lenders Freddie Mac and Fannie Mae were being bailed out by the US government. Trading was only reopened half an hour before the market closed; the FTSE still managed to finish up a couple hundred points, but many are left dreaming about what could have been.

Last Updated 09 September 2008