LME Trading Starts Five Hours Late Due to Connectivity Issue
- At least second time in six months that trading was disrupted
- Electronic trading started at 6 a.m. in London, 5 hours late
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The London Metal Exchange suffered its second major outage in less than six months as trading was delayed by five hours by what the exchange described as a connectivity issue.
Electronic trading on the LMEselect platform failed to start at the normal time of 1 a.m. in London on Thursday and finally resumed at 6 a.m. The issue didn’t affect telephone trading, and has been resolved, the LME said in an e-mailed statement, without giving any further explanation.