Turquoise trading resumes after suspected sabotage

Steve Dinneen
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TRADING on the London Stock Exchange’s Turquoise platform resumed without a hitch yesterday following a suspected sabotage attack which crashed it on Tuesday morning.

A Financial Services Authority and internal investigation were both underway yesterday and City A.M. understands an LSE member of staff has been suspended pending the results of the probe.

The high frequency Turquoise system crashed for the second time since being transferred to a new IT system. An LSE worker is suspected of deliberately causing the crash.

A City of London Police spokesman said the force has not been officially notified of the incident.

Meanwhile, sources close to the LSE defended the new IT system and said it is working towards a date to transfer the main market onto it. The source said: “The system is working well but rushing the switch would be the wrong thing to do.”