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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 stopped because of a technical issue. 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.