[AccessD] Another software disaster...

Mark Simms marksimms at verizon.net
Mon May 21 12:02:35 CDT 2012


Jim - that's very unlikely. This was a new system to handle new IPO's
specifically.
Likely written in Java or C due to the speed requirement.
I'm guessing some idiot hard-coded that 5 millisecond interval...when in
fact, it needed to be adjusted based on queue length or volume....or a
combination. This theory would explain why traders didn't get confirmations
for HOURS after being executed. Actually, this just on CNBC: they STILL
HAVEN"T settled all of the trades as of today.




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