London Stock Exchange 'aims for minimal disruption in future'

London Stock Exchange has announced that it aims to minimise any potential disruption for market participants before it moves to the MillenniumIT trading platform in 2010.

The organisation made its remarks following trading interference in UK securities on November 26th.

It noted that limited client connectivity issues affected a range of market participants and that in order to ensure that things ran smoothly, the exchange elected to place the London market into an auction at 10:33 GMT.

This resulted in a halt in trading, but allowing clients to interact with orders that were on the system. An auction call was initiated at 13:30 GMT and continuous trading activity resumed from 14:00 GMT.

’Having resolved the immediate issue, we are working hard to ensure this doesn’t happen again ahead of switching to MillenniumIT’s trading platform next year,’ commented Xavier Rolet, chief executive officer of the London Stock Exchange.

Earlier this month, the organisation noted that 19.7 million equity trades took place across its electronic order books in October.ADNFCR-2318-ID-19484790-ADNFCR