Posted on 07/08/2015 2:10:59 PM PDT by SeekAndFind
That sounds like a logical explanation, but I’ll bet some are blaming the Chinese, while others are (wrongfully) blaming Israel.
After 5 hours that is the best they could come up with?
So, basically, it conveniently got implemented on a day when China was in free-fall so that NYSE traders would consider before joining the selling frenzy.
The NYSE is a legacy system...............
...and United, and the WSJ??
Sure. If the writer says so.
China is the first thing I thought of.
Some coders and testers need firing.
Decommissioning old systems is a minefield. There are many undocumented dependencies between systems, and you never know what is going to happen when you stop a process that has been running for years, or turn off a server.
For example, if a Unix box has a remote NFS mount, and you turn off the remote server, then the bad things may happen. It may be even worse if processes on the box were actually using the NFS for something.
Because the Dow went down to 17,500, right after China ran shorters off from its markets.
...and United and the WSJ to make it look real.
I used to hate working on mission critical systems.. People get so upset so quickly when they’re losing money. Geeesh.
United was supposedly a faulty router.
I closed out a brokerage account today with about $5K in it, I hope I didn’t overwhelm the system.
So, the NYSE trading system software is outdated, eh? In the one place that is ear-deep in money?
Rriigghhtt.....puh-leeze.
Have you been servered today?
Or as MITT may say..
Have you been severed today?
;-)
Hang in there ,folks.
ALL YUR FUNDS ARE BELONG TO ALIENS!!
How many years does it take to write off mainframes anyway?
Geesh. I thought the Deutsch takeover would make things better.. OH vell.
” The NYSE has reportedly also told floor traders the exchange had to suspend trading due to an error with a systems upgrade that was rolled out before the market opened on Wednesday.”
This is even worse. The proper way to do this is to install the upgrade on Friday night, and do a full day of system testing on Saturday. If there are problems, you’ve got all day Sunday to roll it back.
This is what all the banks do, from bitter experience.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.