London Stock Exchange opening delayed by an hour on Thursday morning after a ‘technical issue’
The London Stock Exchange open this morning was delayed due to a "technical issue" that has now been resolved.
A London Stock Exchange Group spokesperson confirmed the opening auction had been delayed. They added: "We will provide further updates shortly."
It was then confirmed that trading would resume at 9am, and is now back in action.
Trading normally begins each weekday at 8am, but today's opening session didn't get underway until an hour after that. Traders had initially been reporting not getting the prices of any trades coming through, before the problem was confirmed by the LSE.
Im not getting any prices of trades coming through. Is there a Glitch with London Stock Exchange ?
— Topinfo (@TopTradersADVFN) June 7, 2018
Later in the afternoon, LSE issued a statement saying a technical software issue had been identified that was preventing some members from entering orders into the pre-open auction system prior to the standard market opening time of 8am.
"To preserve the integrity of the market and to ensure orderly trading, London Stock Exchange decided to delay the market open while the matter was investigated and informed market participants accordingly," the LSE said. "Following resolution of the issue, members were notified at 08:40 that trading would commence at 09:00. Trading across our markets has been operating normally since this time."