Interesting People mailing list archives

IP: Nasdaq software failure or will they ever learn!!


From: Dave Farber <farber () cis upenn edu>
Date: Mon, 22 Nov 1999 03:10:27 -0500



Date: Wed, 17 Nov 1999 08:30:22 -0500
From: "Keith A Rhodes" <rhodesk.aimd () gao gov>
Subject: Nasdaq software failure
Traders were unable to buy or sell stocks for 17 crucial minutes on 16 Nov
1999 after Nasdaq officials attempted a software upgrade on the fly in the
last half hour of trading. Something went wrong and investors were the ones
who paid the price. [Source: Poorly timed software upgrade paralyzes Nasdaq,
by Larry Barrett ZDII, 16 Nov 1999]


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