Human Error Caused Euronext Outage
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NewsTVBrexitEventsResourcesCareersCommunityBlogs Menu News by sectorRetail bankingTransaction bankingWholesale bankingBlockchainCardsInnovationMobile & onlinePaymentsPost-trade & opsRisk & regulationSecurityStart upsTrade executionLatest newsAnnouncements » View all news Next story » Facebook Twitter LinkedIn Reddit Google+ email 4 3 0 0 0 0 Nasdaq blames human error for latest outage 30 October 2013|4564 views|0 As Nyse Euronext carries out systems testing ahead of the upcoming Twitter IPO, rival Nasdaq OMX has blamed human error for its latest outage. Over the weekend Nyse Euronext, at the request http://www.ft.com/cms/s/0/563dcd66-d770-11df-8582-00144feabdc0,stream=ftsynd.html of member firms, took the unprecedented step of running a simulation of the upcoming Twitter IPO to test whether its systems will be able to handle what is expected to be a huge rush of message traffic.The simulation was deemed necessary in part because of Nasdaq OMX's botched handling of the Facebook IPO last year, https://www.finextra.com/newsarticle/25370/nasdaq-blames-human-error-for-latest-outage when a malfunction in the exchange's system designed for processing order cancellations caused chaos. The incident has cost Nasdaq OMX tens of millions of dollars in compensation and fines.Yesterday the exchange operator suffered another glitch when human error "performing an operational function" resulted in the incorrect delivery of data to an index distribution system. This meant index data could not be disseminated for around 45 minutes.Although a fairly minor incident, it comes after not only the Facebook IPO issues but also a three hour outage in August. That prompted the SEC to call in exchange heads to hammer out measures - including the introduction of kill switches - designed to improve the resilience of the market in an age where technology-related problems are becoming increasingly common. ChannelsWHOLESALE BANKINGTRADE EXECUTION Comments: (0) Comment on this story (membership required) Finextra news in your inbox For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now Related stories US exchanges to dep
Millennial Influence Research Launch Event at Money2020 NewsTVBrexitEventsResourcesCareersCommunityBlogs Menu News by sectorRetail bankingTransaction bankingWholesale bankingBlockchainCardsInnovationMobile & onlinePaymentsPost-trade & https://www.finextra.com/newsarticle/22145/lse-says-human-error-caused-turquoise-outage opsRisk & regulationSecurityStart upsTrade executionLatest newsAnnouncements » View all news Next story » Facebook Twitter LinkedIn Reddit Google+ email 0 0 0 0 0 0 LSE http://tabbforum.com/news/lse_says_human_error_caused_turquoise_outage says human error caused Turquoise outage 11 January 2011|8342 views|0 The London Stock Exchange says human error, rather than foul play, caused an outage at human error its Turquoise trading platform in November that resulted in a delayed technology migration. The LSE quickly identified human error as the cause of the two hour outage on 2 November but also raised the spectre of sabotage, claiming "preliminary investigations indicate that this human error may have occurred in suspicious circumstances".It launched human error caused an internal investigation and called in the Financial Services Authority and police.In a brief statement, omitting any mention of "suspicious circumstances", the group now says: "The investigation found the incident was the result of human error and the incident has now been closed." Turquoise had migrated to a new trading platform from recently acquired vendor MillenniumIT the month before its outage and the main market was set to follow in mid-November.However, the incident, along with network upgrades, saw this put back and the exchange has now told customers that the migration is now expected to happen on 14 February. ChannelsWHOLESALE BANKINGTRADE EXECUTION KeywordsDEALING ROOMS Comments: (0) Comment on this story (membership required) Finextra news in your inbox For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now Related stories LSE hints at foul play over Turquoise outage; Sets migration delayed 02 November 2010|10846 views|0 Turquoise now