RSS feedlse
’LSE order data goes down [updated]
First Borsa Italiana and Euronext this week, now problems at the LSE this Friday.
Trading is halted in the main order book as of 8:30am London time:
Sorry! Correction — more problems from the LSE.
LSE prices oddness, the continuing story
Click to enlarge (image via a friendly source):
Here’s what the text, from the broker TD Waterhouse, says:
Due to technical changes at the London Stock Exchange (LSE) last weekend there is an issue affecting the execution of UK Stop Loss Orders.
Do you believe in coincidence? [updated]
Via Reuters on Wednesday afternoon:
RTRS-D.BOERSE<DB1Gn.DE> SHARES SUSPENDED – REUTERS DATA 15:21 09Feb11 RTRS-D.BOERSE<DB1Gn.DE> SHARES SUSPENDED FROM TRADING IN FRANKFURT – REUTERS DATA
And Dow Jones:
LSE/TMX – a defensive merger?
The London Stock Exchange does not have a great track record of consummating deals (remember the proposed Deutsche Borse transaction of the 2001?) or grabbing big strategic opportunities.
So will its’s proposed merger with TMX Group,
Trouble at Turquoise… [updated]
Something very murky indeed went on in the London Stock Exchange’s flagship Turquoise trading system on Tuesday.
We know that because the LSE told us (via Reuters):
RTRS-LSE SAYS TRADING DISRUPTION TO TURQUOISE MAY HAVE OCCURRED IN “SUSPICIOUS CIRCUMSTANCES”
Snap news
Breaking pre-market news on Wednesday,
- LSE trading up in H1 but slowed in Q2 – statement.
- H&M Q3 profit rises 23 per cent as economy improves – statement.
- Tim Jones, currently group finance director at Interserve,
Why yes, August was rubbish
File this one in the (bulging) ‘no one ❤ stocks’ archives.
August in London, according to the London Stock Exchange:
In August, 15.6 million trades were carried out across the Group’s equity electronic order books,
Snap news
Breaking pre-market news on Thursday,
- China grows 10.7 per cent in fourth quarter, inflation up 1.9 per cent in December – FT.
- Frank Timis’s African Minerals raises £80m via underwritten equity issue at 400p – statement.
More fun and games on Aim
Aim-listed shell company Deo Petroleum has featured in a couple of recent Markets Live sessions here on FT Alphaville.
The reasoning behind its multiple appearances: its moon-bound share price, which left a company with just £200,000 of cash valued at more than £15m.
Snap news
Breaking pre-market news on Monday,
- Kraft looks for shareholder approval to issue shares for Cadbury bid – statement.
- London Stock Exchange announces acquisition of Turquoise – statement.
- Nigerian oil minister says Shell has not informed Nigeria of any plans to sell oil fields – Reuters.
[Wilmot on AV] Hayek on “Elastic Money”
There can be no doubt that besides the regular types of the circulating medium ….there exist still other forms of media of exchange which occasionally or permanently do the service of money.
Now while for certain practical purposes we are accustomed to distinguish these forms of media of exchange from money proper as being mere substitutes for money,
LSE hit by outage and share plunge
Trading on the London Stock Exchange resumed on Thursday afternoon after a technology glitch halted transactions across the market for 3.5 hours. The outage was the worst since the almost day-long closure of the LSE in September 2008,
The Regal report
The number, nature and duration of the breaches demonstrate a systematic pattern of conduct evidencing a reckless disregard for the AIM Rules by Regal.
Due to the size and high profile of Regal, the
LSE computer glitch hits 300 stocks
A technical problem at the London Stock Exchange halted trading in nearly 300 UK stocks on Monday, including the exchange’s own shares. Trading was frozen from 3:04pm until the close due to the failure of one server,
Mayday call from Aero Inventory
Having been hit by a slew of bad news on Tuesday afternoon in London, things were not looking too good for shareholders in aircraft parts wholesaler Aero Inventory.
Not only is the inventory valuation issue,
LSE poised to absorb Turquoise
The London Stock Exchange is nearing a deal to absorb Turquoise, the pan-European share trading platform, into a new joint venture. The fate of Turquoise will be determined within two weeks as talks are finalised with the platform’s backers.
LSE seeks a rival to the NYSE bell
The London Stock Exchange wants to emulate the glamour associated with the clanging “opening bell’ on Wall Street, that marks the start to trading each day. Having closed its own trading floor in 1986,
Problem at the LSE
According to brokers the London stock exchange is having ‘issues’ accepting new orders this morning.
Here’s the service announcement that’s been mailed to exchange users:
The Exchange is currently investigating an issue affecting our trading system.
LSE in talks to buy Turquoise
The London Stock Exchange on Thursday said it was in exclusive talks with bank share-holders of Turquoise to buy the share trading platform, launched only a year ago to compete against the 208-year-old exchange.
LSE goes for Turquoise
It’s like Xavier Rolet came into the job of chief executive at the London Stock Exchange and said: “Right, here’s the strategy. Everything that Dame didn’t want to do, we do. Every opportunity she shunned,
FSA grants ‘light touch’ to UK listings
British companies will be allowed to list on the London Stock Exchange using a “light touch” set of rules previously only available to overseas companies, as the UK seeks to bolster the City’s position as a financial centre.
LSE backs high-frequency traders
High-frequency traders, now under regulatory scrutiny in the US, on Monday gained support from London Stock Exchange chief Xavier Rolet, who said said they were a necessary source of liquidity for exchanges.
LSE’s Rolet seeks stake in Dutch clearing house
Xavier Rolet is looking to make his first acquisition as chief executive of London Stock Exchange Group PLC, with talks to buy a stake in Europe’s second largest clearer, Dutch supplier European Multilateral Clearing Facility NV,
Brazil, HK bourses overtake rivals
Two of the biggest bourses in Asia and Latin America have for the first time overtaken rivals in New York and London by market capitalisation. Hong Kong’s HKEx and Brazil’s BM&F Bovespa have vaulted ahead of NYSE Euronext,
Snap news
Breaking pre-market news on Wednesday,
- Lloyds Banking Group announces detail of open offer – statement.
- LSE results: revenue beats expectations – up at £671.4m (2008: £546.4m) – statement.
- Shaftesbury announces 2 for 3 rights issue – statement,
LSE picks Baikal partners
The London Stock Exchange on Tuesday took a step towards rolling out a pan-European share trading business by choosing Fidessa, a trading technology and data company, and BNP Paribas, as technology partners for Baikal,
LSE to use Baikal platform
The London Stock Exchange plans to use its Baikal block trading platform to spearhead a push across continental Europe and will try to boost its UK market by attracting high-frequency electronic trader to its SETS order book.