Short DAX at 7740

LONDON (Dow Jones)--London Stock Exchange Group PLC (LSE.LN) has resumed the trading of U.K. shares at 1400 GMT Thursday after suspending it for more than three hours due to a technical glitch.

An LSE spokesman said the cause of the glitch is still being investigated.

It is still unclear how much in terms of trading volume and value was lost during the suspension. But in October, the average daily value traded on the U.K. order book was GBP4.2 billion.

The exchange stopped trading of shares at 1033 GMT after receiving reports that some stocks had "connectivity issues," a spokesman said earlier.

The glitch comes a day after Chief Executive Xavier Rolet reiterated plans for the LSE to replace its TradeElect trading engine with a new, faster one.

It also comes after another glitch earlier this month, when 300 stocks couldn't be traded for an hour and a half before the market closed.

In September last year, another glitch stopped trading for several hours.
 
Quote from JSSPMK:

Dax to 5000 :)

Nehmen Sie an die Bank
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Nice DT. 5400-5300 seems very doable now. (DAX)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2652532>
 

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"Paris-based BNP Paribas, the world’s biggest bank by assets, increased its balance sheet by 59 percent to 2.29 trillion euros ($3.5 trillion) since the beginning of 2007, an amount equal to 117 percent of France’s gross domestic product. Assets at London-based Barclays jumped 55 percent to 1.55 trillion pounds ($2.6 trillion), or 108 percent of U.K. GDP. Santander’s rose 30 percent to 1.08 trillion euros, about the size of Spain’s GDP" - Bloomberg.com
 
Quote from JSSPMK:

"Paris-based BNP Paribas, the world’s biggest bank by assets, increased its balance sheet by 59 percent to 2.29 trillion euros ($3.5 trillion) since the beginning of 2007, an amount equal to 117 percent of France’s gross domestic product. Assets at London-based Barclays jumped 55 percent to 1.55 trillion pounds ($2.6 trillion), or 108 percent of U.K. GDP. Santander’s rose 30 percent to 1.08 trillion euros, about the size of Spain’s GDP" - Bloomberg.com
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Nothing new there. Survival of the fittest.
 
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