The London Stock Exchange Group (LSE) has attributed its recent string of Eikon trading terminal outages to a corrupted server.
The group’s Eikon trading terminals have experienced three outages in the past three months, with the latest occurring last Monday.
The news comes after LSE acquired data provider Refinitiv for $27 billion.
The Eikon terminal competes with the Bloomberg terminal to provide real-time information to financial professionals including traders, fund managers and analysts.
David Schwimmer, chief executive at the LSE, described the outages as “unacceptable to me” and said, “we’re making excellent progress on integrations.”
The groups shares rose 6 per cent in early Friday trading on the news.
The LSE’s shares experienced their worst drop since the 2018 financial crisis when it was first announced that there were going to be integration issues with Refinitiv.
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