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London Stock Exchange in denial over system outage
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The London Stock Exchange (LSE) has failed spell out to the markets the precise cause of Monday’s catastrophic seven hour trading outage. The exchange carried out a series of upgrades and tests last weekend, but all LSE representatives are saying is that “there was a combination of software activities that coincided”, and these had caused the problem. The stock exchange has reiterated that the fault was not due to an upgrade on its high-speed trading platform TradElect.
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