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Re: About that London Stock Exchange IT failure

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____/ Steve de Mena on Wednesday 17 September 2008 19:30 : \____

> Ramon F Herrera wrote:
>> Microsoft crashes the London Stock Exchange...  again.
>> 
>> "It’s the third one in a year and worse even than last year’s November
>> 8th failure. "
>> 
>> http://blogs.zdnet.com/Murphy/?p=1242&tag=nl.e539
>> 
>> -RFH
>> 
> 
> Maybe you can point to where in the article the cause of the outages
> was determined to be Microsoft?
> 
> Steve

"The London Stock Exchange Group PLC said Tuesday that a software glitch - and
                                                         ^^^^^^^^^^^^^^^
not high trading volumes - was to blame for a seven-hour shutdown that angered
customers on one of the busiest days of the year on world equity markets."


http://canadianpress.google.com/article/ALeqM5h7qZJLteXf0POgW7sQvvo3ze7oXw



London Stock Exchange in denial over system outage

,----[ Quote ]
| The LSE absolved its core TradElect platform from blame. The system, designed
| and built by Accenture, runs on HP ProLiant Servers and Microsoft .Net and
| SQL Server 2000 systems. Accenture declined to comment on Monday's events.
| The LSE said, "we won't discuss dealings with our individual suppliers".
|
| Bob McDowall, senior analyst at Tower Group, said sparse explanations
| provided by the LSE so far were “not very satisfactory”.
`----

http://www.computerworlduk.com/management/it-business/it-organisation/news/index.cfm?newsid=10947


London Stock Exchange trading derailed by computer crash on frenzied day

,----[ Quote ]
| Trading on the London Stock Exchange has been halted after a computer system
| failed on one of the most frantic days of trading so far this year.
|
| FTSE 100: trading on the London Stock Exchange halted after computer systems
| failed
|
| In an embarrassment for the LSE, the exchange said that no orders can be
| entered or executions of those trades occur. The LSE plans to bring back
| trading in a “controlled way’’, but couldn't say how long that will take.
`----

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/09/08/bcnlse408.xml


London Stock Exchange blames outage on Infolect

,----[ Quote
| The outage hit shortly before close of trading and forced the exchange
| to extend its closing auction by a hour and a half, from 4.30pm until
| 6pm. Even so it was reported that that some traders left for the day
| with trades unexecuted
|
| Infolect was launched two years ago in place of the exchange’s London
| Market Information Link platform. It uses Microsoft .net technology and
| a SQL Server database
`----

http://www.cio.co.uk/concern/security/news/index.cfm?articleid=2248&pagtype=allchantopdate


Furse should not resign, she should be sacked

,----[ Quote ]
| Comment The farce of the London Stock Exchange not only crashing but failing
| to get its systems up and running again should surprise no one.
|
| Well, no one except LSE boss Clara Furse, who demonstrates little
| understanding that technology is crucial to her business.
|
| I’ve worked for members of the London Stock Exchange and everyone agrees she
| is world-class at corporate presentations, but the evidence that she can
| actually run things is rather harder to come by.
|
| No one expects her to write FIX handlers, or optimise an order-matching
| engine, but her yes-men simply were not in the position to make any
| intelligent decisions on technology, if we look at the board of the LSE.
|
| Do we see anything that even looks like experience in technology? No. We see
| three from the media, and of course accountancy, but no mention of
| technology.
|
| To be sure, the CIO (not on the board) is ex-Accenture man David Lester. To a
| Reg reader, Accenture will be associated in the context of technology with
| the words “screw up”, “late”, and “over budget”. Clara Furse cannot be held
| responsible for problems with Cisco switches - one of the suggested
| culprits - but she is absolutely in the frame for the choice of senior
| management and strategic vendors.
`----

http://www.theregister.co.uk/2008/09/13/furse_lse_comment/


NYSE Euronext banks on Red Hat

,----[ Quote ]
| If anyone out there persists in believing that Linux isn't ready for serious
| prime time, NYSE Euronext's dependence on Red Hat should finally lay that
| silly notion to rest. As announced, the New York Stock Exchange Euronext
| dumped its proprietary UNIX heritage (AIX, HP UX, Solaris) for the freedom,
| flexibility, and performance of Linux.
`----

http://www.cnet.com/8301-13505_1-9942680-16.html?part=rss&tag=feed&subj=TheOpenRoad


Linux steps up to power NZ Stock Exchange

,----[ Quote ]
| The New Zealand Stock Exchange is moving to a Linux platform for its
| settlement and clearing system, replacing its existing HP NonStop platform
| and applications in order to reduce cost and increase flexibility.
`----

http://computerworld.co.nz/news.nsf/news/F586239BCCA7593FCC2573F00001488E


HP Linux servers bolster NYSE trading app

,----[ Quote ]
| "We favor Linux for what we do. We don't want to be beholden to any one
| [hardware or software] supplier, even if it is very good. We want the freedom
| to be vendor-independent, so Linux was a good choice," said Rubinow.
`----

http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1285921,00.html


Microsoft is the world's biggest cause of zombie remailers

,----[ Quote ]
| In China, it would take about one and one-half years wages (for the
| average Chinese) to buy a legitimate copy of Windows Vista. If you
| could find it here.
|
| Microsoft is the biggest cause of zombie remailers in the world,
| because they make noises, but do not do anything to address the
| real digital inequities in the world.
`----

http://www.theinquirer.net/default.aspx?article=38202


Pump and dump spam comes to Europe

,----[ Quote ]
| Earlier this month, the US Securities and Exchange Commission
| (SEC) had suspended trading in 35 companies that were found to
| be commonly referenced in pump-and-dump stock email campaigns.
`----

http://www.theinquirer.net/default.aspx?article=38607


SEC goes after stock spammers, hackers

,----[ Quote ]
| The SEC action to freeze the assets is the third filed in as many
| months involving market manipulation schemes conducted through
| online account intrusions. In the past the SEC has also taken
| action against individuals who allegedly broke into financial
| news Web sites or news release services.
|
| [...]
|
| "When spam clogs our mailboxes, it's annoying. When it rips
| off investors, it's illegal and destructive," SEC Chairman
| Christopher Cox said in a statement.
`----

http://news.com.com/2100-7348_3-6165804.html?part=rss&tag=2547-1_3-0-20&subj=news


,----[ Quote ]
| Problems found in an audit of Diebold tabulation records from an Ohio
| November 2006 election raise questions about whether the database got
| corrupted during the tabulation of election results...
|
| The database is built from Microsoft's Jet database engine. The
| engine, according to Microsoft, is vulnerable to corruption when a lot
| of concurrent activity is happening with the database, such as what
| occurs on an election night [and Microsoft advises againt using Jet in
| a complex environment]...
|
| The report mentions that election staff had trouble with the server
| crashing and freezing on election night....
|
| The report notes that with punch card machines election officials used
| to be able to determine definitively if all ballots had been counted
| in the results....
`----

http://blog.wired.com/27bstroke6/2007/04/diebold_vote_da.html


,----[ Quote ]
| "Nineteen machines had 21 screen freezes or system crashes, producing a
| blue screen and messages about an "illegal operation" or a "fatal
| exception error."
|
| "Especially with this blue-screen problem, you don't know whether it's
| the printer drivers, you don't know whether it's Diebold's own code or
| whether it's Windows,"
`----

http://www.verifiedvotingfoundation.org/article.php?id=6257


Mainframe Linux at SHARE

,----[ Quote ]
| Everyone is already using Linux somewhere, Elliott said, but there are still
| people who are afraid to put their mission-critical applications on it for
| fear that it is not robust enough.
`----

http://www.linux.com/feature/118624


Open source and mission critical: The Linux application server landscape

,----[ Quote ]
| In 2005, Michael Dortch, executive editor and director of IT infrastructure
| management strategies at the Robert Frances Group, penned a report comparing
| Linux application server total cost of ownership (TCO) with Microsoft's
| Windows and Sun Microsystems' Solaris. In that report, Linux won handily,
| prompting Dortch to recommend that all IT managers at least give the Linux
| application server a serious look for mission-critical data center tasks.
|
| [...]
|
| What a lot of our clients are finding today, however, is that, with Linux and
| open source application servers, the wisdom of the crowd has solved those
| standards-based problems. And because the management tools are freely
| available and malleable, they find that the big sell was "cheap and free" but
| is now "What will complete my processes faster?" Open source used to be
| inexpensive and free, but now IT is finding value [in it] because it's more
| responsive and responsive.
`----

http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1264755,00.html?track=NL-825&ad=597846&asrc=EM_USC_1828806&uid=2087385


Forrester: Open source is everywhere, and increasingly used for
mission-critical applications

,----[ Quote ]
| Forrester just issued an insightful report on the increasing adoption
| of open source in the enterprise. The verdict? Open source is everywhere,
| and taking an ever-increasing piece of the enterprise pie
`----

http://weblog.infoworld.com/openresource/archives/2007/05/forrester_open_1.html


Open Source Slowly Gains Momentum on Wall Street

,----[ Quote ]
| Customers may be comfortable using Linux for infrastructure-type
| systems but less so for business software, said Monica Kumar,
| senior director of product manager for Linux and open-source
| software at Oracle.
`----

http://www.adtmag.com/article.aspx?id=20569


Linux Crossing Threshold to Real Mission Critical Computing

,----[ Quote ]
| ...Linux developers are steadily chipping away at the most
| significant functional gaps that limited its suitability for
| these workloads in the past, allowing it to progress far beyond the
| "edge of network" domain where it has traditionally thrived. The
| impressive wins by Novell and Red Hat prove that user perceptions
| about Linux's limitations are gradually crumbling as well.
`----

http://ideasint.blogs.com/ideasinsights/2007/04/linux_crossing_.html


Linux goes to Wall Street, puts on a show

,----[ Quote ]
| "The Financial Services firms are leading the enterprise adoption of
| open source technology, including Linux," says Zachary. "By watching
| the consumption patterns of these firms, open source vendors can
| gain a good understanding of the types of products and services
| that are commercially viable.
|
| [...]
|
| "We see a growing role for open source software beyond Linux in
| financial services companies and that's why many companies are
| expanding the governance policies and procedures around using
| open source software."
`----

http://community.linux.com/article.pl?sid=07/04/22/1310216&from=rss


Next Gen, Mission-Critical Apps To Be Deployed on Linux Says Report

,----[ Quote ]
| By now it should be obvious to even the most casual industry observers
| that Linux operating systems - and open source-based software in general -
| have reached critical marketplace mass. Recent Linux deals and
| announcements by Oracle and Microsoft have only reinforced the "open
| source is enterprise-grade" message that IBM, Unisys and other "Master
| Brand" hardware, software and services vendors have been preaching for
| years. In short, open source, especially Linux, is becoming "legitimized"
| by the major vendors for enterprise environments, and user executives
| are more than happy to believe them.
`----

http://www.linuxelectrons.com/News/RoundUp/Next_Gen_MissionCritical_Apps_To_Be_Deployed_on_Linux_Says_Report


CIO study finds Linux ready for prime-time

,----[ Quote ]
| The company predicts a steep rise: only 18 percent of businesses
| will be using Linux in business-critical roles by the end of 2007.
|
| "Linux operating systems - and open source-based software in general
| - have reached critical marketplace mass," said the study's authors,
| Bruce Guptill and Bill McNee of Saugatuck Research.
`----

http://www.techworld.com/opsys/news/index.cfm?RSS&NewsID=7681

  End of signed message

- -- 
                ~~ Best of wishes

Roy S. Schestowitz      |    Open Source Othello: http://othellomaster.com
http://Schestowitz.com  |  RHAT GNU/Linux   |     PGP-Key: 0x74572E8E
         run-level 5  Sep 17 16:20                   last=S
      http://iuron.com - help build a non-profit search engine
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