LSE outage flags reliance on prime exchange for reference prices

Securities markets still in post-Mifid transition phase

The main excitement this week has been provided by the outage at the London Stock Exchange (LSE) and the resulting comments in the UK daily press from rival multilateral trading facilities that are launched or poised to launch. Although it is still not clear what caused the LSE’s loss of service, the incidence did flag up the fact that the market is still very reliant on the prime exchange for reference prices. But we are still very much in a transitional phase post-Mifid and had the outage