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LME resumes electronic trading after technical fault | |
(about 4 hours later) | |
Electronic trading on the London Metal Exchange has resumed after a technical issue prevented trading for more than three hours. | |
Electronic trading on the exchange was stopped at 09:58 BST and resumed at 13:10, the LME said. Other types of trading were unaffected by the failure. | |
The LME said it communicated with users during the shutdown "to ensure that the recovery was controlled and orderly". | |
It said users had 15 to 20 minutes' warning before trading was suspended. | |
"It was a controlled halt," a spokeswoman told the BBC. | |
The problem is the latest in a string of technical failures to hit exchanges. | 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. | 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. | 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. | 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. |