[Fair use for education and research purpose only]

Update to post by Jim McAteer: LINK

Title: London Exchange Finds, Fixes Glitch That Caused Breakdown

Source: Wall Street Journal Abstracts

Date: 04/07/2000 07:00

On Wednesday, the London Stock Exchange experienced an eight-hour shutdown, due to what officials now say was a software malfunction. The LSE claims the problem has been "identified and rectified."

As of yesterday, trading reached the normal level of 1.8 billion shares. Officials say that on Tuesday night, the computer system failed to perform its usual procedure of flushing out that day's trading data.

Rather than create possible problems by giving investors and traders old data, the Exchange opted to shut down the system Wednesday until an overhaul was completed.

Now, a control has been added to the system, in an effort to ensure that the cleansing of data is completed by each morning. Officials say a further investigation is in the works. The software was designed by the London Stock Exchange and Anderson Consulting.

For additional information refer to The Wall Street Journal or go to http://www.wsj.com.

Copyright ) 2000 by Northern Light Technology Inc. All rights reserved.

http://library.northernlight.com/UU20000407030000095.html?cb=200&dx=2006&sc=0#doc

=========================

-- (Dee360Degree@aol.com), April 07, 2000