Monday, October 29

The Most Expensive IT Mistake in Financial Markets?

This seems to be an apocryphal story. 20% of the world's equity trades? The closest firm that comes to that % can only be Merrill's and they do not have a system like this. So no, I think this is being stretched a bit too far.

Plus, a hot DR system? Errr, surely you are joking! Adding/Replacing a disk on the main production system? Nope, cannot believe it. And why would it impact the Euro? Very confusing and doesn't make sense at all.

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