Usually an easy question to answer – but not on Monday morning. The FTSE 100 was stuck at 5440.2, suggesting a rise of 199.5 points – yet individual stocks were not updating.

The reason? The London Stock Exchange has been forced to suspend connectivity, presumably in response to a jump in trading volumes triggered by the Freddie and Fannie bail.

Notification to LSE clients:

Of course, there are now other venues for trading stock in London, like Chi-X and Turquiose, which did not appear to be suffering problems on Monday.

All of this on a day when Clara Furse, the CEO of the LSE, let rip at her critics in a letter to the FT.

History is not a reliable predictor of the future of share dealing
Shares in LSE were being quoted at 815.5p, up 57p. Allegedly.

This entry was posted by Neil Hume on Monday, September 8th, 2008 at 9:57 and is filed under Capital markets. Tagged with clara furse, lse. Edit this entry.