Saturday February 19, 2011
Financial Crash:
Stock Exchange Software Malfunctions
The London Stock Exchange upgraded its core software last Monday.
But within minutes it was catastrophically malfunctioning.
The new system began displaying incorrect prices, blank prices and erroneous trading volumes.
From Computerworld:
“Within 20 seconds of Millennium Exchange going live on Monday, our systems flagged up significant discrepancies in vendors’ data on share volumes sold on the exchange,” said one source, at the continental office of a tracking firm. “It was a much bigger discrepancy than I have ever seen before, and much bigger than those same vendors were experiencing on different exchanges. It alarmed me.”
Posted in: Net by bubblejam at 09:51 PM | Comments (0) | Email This Entry