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LSE trading pool crash due to 'human error'

Nov 03, 2010, 18:03 (1 Talkback[s])
(Other stories by Jack Clark)

"A Linux-based trading platform at the London Stock Exchange was knocked offline for two hours on Tuesday due to human error, in what may have been suspicious circumstances, the stock exchange said on Tuesday.

"The trading platform — named Turquoise — has been running on a new Linux-based system for the past two weeks. It was rendered inaccessible to market members for two hours on Tuesday, between 8:23am and 10:30am, the London Stock Exchange Group (LSEG) said in a statement.

"Turquoise is a pan-European trading platform based in London. It has a 'dark pool' trading component that allows members to "place large orders for trades which are not made known to the market until after the trade has been executed", a spokesman for the London Stock Exchange told ZDNet UK on Wednesday."

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