Nasdaq Has Computer Shutdowngreenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread
The Nasdaq Stock Market yesterday was paralyzed by computer and communications problems that disrupted trading for nearly two hours during one of the year's busiest trading days.
-- spider (firstname.lastname@example.org), June 30, 2001
NEW YORK (Reuters) - Telecommunications company WorldCom Inc. said that one of its employees caused the computer glitch that felled Nasdaq's trading systems on Friday.
``We very much regret this market interruption,'' WorldCom Chief Executive Bernard Ebbers. ``For nine years, Nasdaq has been a valued customer. We have resolved this issue and will continue to work with Nasdaq to take all steps necessary to ensure it does not recur.''
The problem occurred while testing one of Nasdaq's development systems, WorldCom said. WorldCom operates Nasdaq's networks that share dealers send orders through.
-- Rachel Gibson (email@example.com), June 30, 2001.