LSE blames trading terminal outages on server

Latest News

LSE blames trading terminal outages on server

By Will McCurdy

09/08/2021

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.

New Business Frontiers

FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance

FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments

Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.