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November 21, 2008 7:12:21 PM CST


London Stock Exchange

London Stock Exchange news stories

6 Stories

Computer Crash Paralyzes London Trading

Dealers miss out
on millions in stock market surge

(Newser) - A catastrophic computer crash shut out dismayed London traders from the market yesterday as stocks soared around the world in the wake of the US bailout of Freddie Mac and Fannie Mae, the Times of London reports. The seven-hour systems failure at the London Stock Exchange is estimated to have cost traders millions of dollars on what would have been one of the most profitable trading days of the year. More »

More about:  stock market London financial markets FTSE London Stock Exchange trading computer glitches

MARKETS

 Asia Stocks Hit
 2-Year Low,
 Europe Tumbles

Banks lead losses as US housing market woes trouble world

(Newser) - Asian stocks hit a two-year low today and European markets opened lower amid fears that the US will be forced to bail out Fannie Mae and Freddie Mac. In Tokyo the Nikkei tumbled 2.3%, leading declines across the region. Stocks of big European banks such as Barclays and Société Générale were sliding. More »

More about:  Financial Crisis US dollar Asian markets Nikkei London Stock Exchange

Rogue Traders Bag $200M in Credit Hysteria

False emails drive down stock of UK mortgage lender

(Newser) - The UK's financial regulator is probing whether malicious traders attacked the share price of the country's largest mortgage lender yesterday by spreading rumors it faced a major liquidity crisis. The Telegraph reports that HBOS saw its shares plunge 20% as an email circulated suggesting the firm was facing trouble. The hunt is on for at least one rogue trader who shorted HBOS and made $200 million. More »

More about:  Financial Crisis Great Britain credit crisis Bank of England Northern Rock HBOS London Stock Exchange

Dubai Buys Nasdaq, LSE Shares

Oil-rich emirate looks
to diversify, picks up 20% of big indexes

(Newser) - Dubai will buy substantial stakes in two stock markets in an attempt to diversify its holdings beyond petroleum, Bloomberg reports. Borse Dubai, the emirate's investing arm, will acquire almost 20% of the Nasdaq and 28% of the London Stock Exchange. The Nasdaq purchase includes a deal for a Norwegian exchange as well and gives Nasdaq its first foothold in Europe. More »

More about:  Nasdaq stocks Dubai London Stock Exchange OMX

(Newser) - Nasdaq is giving up its bid to buy control of the London Stock Exchange and will sell its $1.58 billion stake in the blue-chip listing venue, reports the Wall Street Journal . Owning almost a third of the shares in the London exchange gave Nasdaq little control over operations, and efforts to buy a bigger stake were rebuffed by London management and shareholders. More »

More about:  stock market Nasdaq European markets London Stock Exchange OMX

Nasdaq Options Philly Mart

Eyes exchanges options business

(Newser) - The tech-heavy Nasdaq exchange is looking to expand into the options-trading market, and it's in talks with the Philadelphia Stock Exchange about a possible merger. Nasdaq's bid to buy the third-largest options trading exchange, valued at up to $300 million, comes as a number of bigger exchanges are on the hunt  for smaller aquisitions, reports the Wall Street Journal. More »

More about:  stock market London business stocks merger finance Philadelphia NASDAQ London Stock Exchange

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