Network glitch delays London Stock Exchange opening eight hours

By Maria Trombly

April 5, 2000 12:00 PM ET

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Computerworld - The London Stock Exchange was shut down for a record eight hours Wednesday following a glitch in a network that sends real-time price and other information from central trading systems to market users, according to a statement released by CEO Gavin Casey.
"In order to enable investors to undertake their business, trading hours this evening have been extended to 6:30 p.m.," according to Casey's statement.
The shutdown came on the last day of the British tax year and just hours after violent price swings rocked U.S. stock markets.

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