Title is self-explanatory I think.

I had just got in and switched on the TV and heard the tail-end. I think it was about the Wall Street Y2K testing that went on today. I was wondering if anyone else saw it and what they thought.

I'm off now to catch up on all the threads posted.

-- Carol (usa-uk@email.msn.com), March 06, 1999

Answers

From a thread earlier this week:

According to Staff Reporter Rebecca Buckman [Wall Street Journal], financial firms of many types will began an elaborate set of tests this weekend to simulate rollover. The tests will last 2 months (weekends only) and cost $100 million. 440 companies will participate. Last summer a 28 company test had a 90% success rate on tested transactions. See hard copy page C26, column 1.

-- Puddintame (dit@dot.com), March 06, 1999.

What I find "interesting" is that ABC World News Tonight covered Y2K earlier in the week, last night, tonight, and they announced more for tomorrow night. Surprisingly, it's not all "happy face."

The Y2K media wind could be shifting.

It happens.

Diane

-- Diane J. Squire (sacredspaces@yahoo.com), March 06, 1999.

Heard a short quote on the radio that the exchange was testing in a lab environment. They were afraid of unforeseen consequences to real customer transactions if attempted with the production systems. I'm thinking forgone conclusion here.

-- Elbow Grease (Elbow_Grease@AutoShop.com), March 07, 1999.

I heard a snippet on the radio, that things had gone "better than expected"

-- Deborah (info@wars.com), March 07, 1999.

This is a strange coincidence:

Nasdaq Disrupted by Glitch

-- Reporter (reporter_atlarge@hotmail.com), March 07, 1999.

Yes, That is an interesting glitch..especially coupled with news coverage saying everything is going to ok! Saw snip .....:P

-- Moore Dinty moore (not@thistime.com), March 07, 1999.

Remember the post about the grid test fraud? Well, let's not get too excited about a "successful test" because, like NERC, the securities folks probably "established success parameters in advance and then worked backwards" to design a foolproof test.

Remember, this test is going to be held on weekends for two months. Any real predictive testing will probably be after this story ages and the press has moved on to other things.

Can someone advise how we can get the raw data of the entire two month test?

-- Puddintame (dit@dot.com), March 07, 1999.