A computer system failure forced the London Stock Exchange to suspend trading for most of today.
The exchange halted operations just before 9 a.m. British Standard Time — it usually opens at 8 a.m. — and did not resume until 4 p.m., with just 30 minutes left of trading remaining.
The LSE gave no reason for the cause of the technical issues.
The technical glitch came on what was an expected high-volume trading day due to the U.S. government’s takeover of mortgage giants Fannie Mae of Washington and Freddie Mac of McLean, Va.
The FTSE 100 index was up 3.8% when morning trading was halted.
It was the LSE’s longest trading suspension since the exchange was shut down for nearly eight hours on April 5, 2000 following problems with an old computer system.
The LSE also closed for a full day on Oct. 16, 1987 due to a severe storm that hit southern England.
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