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LME halts electronic trading because of technical fault | LME halts electronic trading because of technical fault |
(34 minutes later) | |
Electronic trading on the London Metal Exchange has been halted because of a technical issue. | |
Electronic trading on the exchange stopped at 09:58 BST. However, other types of trading have been unaffected and are continuing. | Electronic trading on the exchange stopped at 09:58 BST. However, other types of trading have been unaffected and are continuing. |
A LME spokeswoman told the BBC that she did not know when trading would start again. | A LME spokeswoman told the BBC that she did not know when trading would start again. |
"It was a controlled halt. We gave users 15 to 20 minutes' warning," she added. | "It was a controlled halt. We gave users 15 to 20 minutes' warning," she added. |
The problem is the latest in a string of technical failures to hit exchanges. | |
The Nasdaq exchange in the US was down for three hours last month due to a problem distributing stock price quotes. | |
And last year, trading was delayed in the much-anticipated debut of social network Facebook on the Nasdaq exchange. | |
Also last year, a software glitch at market-maker Knight Capital caused huge price swings in trading in 140 stocks on the New York Stock Exchange. |