Network Glitch Delays London Stock Exchange

FRAMINGHAM (04/05/2000) - The London Stock Exchange was shut down for a record eight hours today following a glitch in a network that sends real-time price and other information from central trading systems to market users, according to a statement released by Chief Executive Officer Gavin Casey.

"In order to enable investors to undertake their business, trading hours this evening have been extended to 6:30 p.m.," according to Casey's statement.

The shutdown came on the last day of the British tax year and just hours after violent price swings rocked U.S. stock markets.

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