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LSE: What really went wrong with trading

DMandPenfold (1108673) writes | more than 3 years ago

Open Source 1

DMandPenfold (1108673) writes "The London Stock Exchange has made a U-turn on the system requirements placed on data vendors such as Thomson Reuters, Interactive Data and Bloomberg, after three weeks of problems since the launch of its new trading platform.

The decision, to fundamentally change the timing and systems around closing share price data recording, was made following a heated meeting with the providers that addressed significant disparities in quoted share prices.

The move has been widely welcomed by vendors, which provide share price data from the LSE to traders, and compete on speed and quality. A number of them had expressed real opposition ..."

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better summary (0)

Anonymous Coward | more than 3 years ago | (#35406108)

The "problems" were an orchestrated power play by vendors, who wished to preserve trading rules that they could exploit.

These organizations are dangerous... Why people trust authoritarian, deceptive, and unaccountable corporations over elected government, I'll never know.

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