The $440 Million Bug
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The programming bug swept through the market at the open of exchanges on a day when Joyce, a 57-year-old Harvard College graduate known as TJ, limped into work following knee surgery. Joyce said that while the bug sent “a ton of orders, all erroneous” into the market as the firm prepared to trade with the NYSE (NYX)’s new so-called retail liquidity program, it had “nothing to do” with the NYSE.
A potentially bankrupting error.
"As beings of finite lifespan, our contributions to the sum of human knowledge is one of the greatest endeavors we can undertake and one of the defining characteristics of humanity itself"
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The programming bug swept through the market at the open of exchanges on a day when Joyce, a 57-year-old Harvard College graduate known as TJ, limped into work following knee surgery. Joyce said that while the bug sent “a ton of orders, all erroneous” into the market as the firm prepared to trade with the NYSE (NYX)’s new so-called retail liquidity program, it had “nothing to do” with the NYSE.
A potentially bankrupting error.
"As beings of finite lifespan, our contributions to the sum of human knowledge is one of the greatest endeavors we can undertake and one of the defining characteristics of humanity itself"
I guess this kinda suggests that QA and staging environments might be a good idea when you're dealing with huge amounts of other peoples (or your own) money.
Tom Clement Serena Software, Inc. www.serena.com articles[^]
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I guess this kinda suggests that QA and staging environments might be a good idea when you're dealing with huge amounts of other peoples (or your own) money.
Tom Clement Serena Software, Inc. www.serena.com articles[^]
True.
"As beings of finite lifespan, our contributions to the sum of human knowledge is one of the greatest endeavors we can undertake and one of the defining characteristics of humanity itself"