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dIVERSE
26 Nov 09 09:56
Joined:
Date Joined: 07 Jan 07
| Topic/replies: 3 | Blogger: dIVERSE's blog
Any idea why this market was suspended?
Pause Switch to Standard View Ftse 20 min market 10.40 - 11?
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Report Contrarian November 26, 2009 9:58 AM GMT
Bloomberg's down.

Not sure they'll be able to even get a price stamp to settle the market, so it's possible that they'll have to void it.
Report Pangloss November 26, 2009 10:02 AM GMT
Problem with the stock exchange feed - FTSE not being updated, while futures (diff exchange) OK.
Report dIVERSE November 26, 2009 10:02 AM GMT
Thanks... very unusual that bloomberg is down perhaps this is the beginning of the end?
Report Contrarian November 26, 2009 10:04 AM GMT
Pangloss. Presumably this means that there are no official prices for that time period?
Report jabten. November 26, 2009 10:32 AM GMT
Problem lies either with FTSE themselves or LSE, not with Bloomberg. Suspended markets will probably be void. Has happened before, will likely start coming through again soon.
Report Contrarian November 26, 2009 10:39 AM GMT
They have to be void, really, don't they given that there are no official prices?
Report jabten. November 26, 2009 10:48 AM GMT
Sort of. The difference being that prices are still being produced by the looks of it, every 15 seconds, just with the price not changing obviously!

Also, the markets that were half-open (10:20-10:40, 10:00-11:00) had pretty unambiguots finish prices i.e. the future was pointing to around the same place as the stalled cash for these. Probably still fairer to void though I guess.
Report Shab November 26, 2009 11:27 AM GMT
At 10.33 the Exchange placed all order-driven securities in to an auction call period. The length of this period has not yet been decided however a minimum of 30 minutes notice will be provided ahead of the scheduled uncrossing time.

All quote driven securities should be considered indicative at this time.

The Exchange continues to investigate the root cause and will publish an update once further information is available.
Report jabten. November 26, 2009 1:06 PM GMT
Markets back up and running - now we've just got to wait for Betfair!
Report statman99 November 26, 2009 2:17 PM GMT
anyone else having problems with IG today - they keep stopping me out of positions at silly prices for no reason.

Weird day innit.
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