Computer Crash Costs London Traders Huge Gains

London's reputation as a financial centre suffered a major blow after a computer collapse paralysed the stock market for nearly seven hours.

In a extraordinary fiasco, the London Stock Exchange (LSE) was forced to halt to share trading for most of today's session because of 'connectivity' problems.

It was a massive setback for an exchange that normally sees £8billion of shares traded every day.

Read the whole story here.

Comments

[g4dualie]

Actually, the blame falls squarely on Microsoft's Windows Server 2003.

Millions of dollars in losses and one can only hope the LSE and its investors can recoup some of it back when they take Microsoft to court.

Dollars to donuts, the European Union has already initiated an investigation and will add this to the pile of Microsoft screw-ups.

[sparkey]

FOX news will report it as a democratic plot to de-rail the high lord, the almighty McSame. Too bad that a lot of people will believe it.