LSE Glitch Sparks Price Confusion
A technical problem with one of Infolect's data dissemination gateway servers at around 4pm last Wednesday, Nov. 7, resulted in an extended closing auction period, which meant end-of-day prices were established almost 90 minutes later than usual.
During the interruption, erroneous prices were sent out to market participants-who were reluctant to trade without a reliable price benchmark-and data vendors, such as index provider FTSE, which calculated "indicative" index values based on the
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