Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Small-cap trading on London stock market hit by outages

Published 05/12/2023, 09:58
Updated 05/12/2023, 12:51
© Reuters. FILE PHOTO: Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo
UK100
-
FTMC
-

MILAN/LONDON (Reuters) -Trading in small company shares on the London Stock Exchange was halted twice on Tuesday due to outages, the second time in less than two months that dealing in such shares has been disrupted.

Trading was temporarily stopped twice on the FTSE small cap index, affecting hundreds of stocks including Tullow Oil (LON:TLW), CMC Markets and Marston's.

"We are still investigating an issue," LSEG said in a notice published on its website at 1123 GMT, around one hour after resolving an earlier outage.

It added at 1243 GMT: "Impacted securities are now in regular trading".

FTSE 100, FTSE 250 and International Order Book securities - shares listed in London by overseas companies - continued to trade normally, the exchange said.

An LSEG spokesperson did not comment beyond the notice.

On Oct. 19, the LSEG also reported disruption to trading in smaller stocks due to an outage caused by a technical problem.

In 2019, the exchange suffered an almost two-hour outage that hit FTSE 100 and midcap stocks, which LSEG said was caused by a “technical software issue”.

© Reuters. FILE PHOTO: Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo

Thomson Reuters, which owns Reuters News, has been a shareholder in LSEG since 2021. LSEG also pays Reuters for news stories.

Shares in LSEG, which trade on the FTSE 100, were last down 0.7%, compared with a 0.6% fall on the blue-chip index.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.