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Glitch news from FierceFinanceIT

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Glitch hits hand-held devices on NYSE floor

Nearly a third of the 275 NYSE floor brokers were affected by a mysterious glitch that impeded their ability to receive reports on their hand-held devices confirming trades. This was hardly a big... Read more...

The aftermath of the LSE's big outage

The London Stock Exchange, which has been plagued by technical glitches as of late, suffered another one in late November. The exchange was forced to suspend trading for more than three hours. Ouch.... Read more...

NYSE falls back on open outcry

It's hard to believe that the NYSE's SuperDOT system has been replaced-after 25 years. There was a day--it doesn't seem that long ago, but I guess I'm older than I want to admit--that it was being... Read more...

What's up at the LSE?

September proved to be a cruel month for the London Stocks Exchange. Competition was really heating up (Chi-X and Turquoise were up and running) when its own dark pool partner went belly up. But the... Read more...

Moody's coding error leads to flawed ratings

A Financial Times investigation has revealed that a coding flaw resulted in many so-called CPDOs, or constant proportion debt obligations, earning AAA ratings. A coding flaw? It's unclear... Read more...

Computer glitch at Sallie Mae

Sallie Mae has been upgrading its systems to better conform with that of the credit agencies, presumably to make reporting easier among other things. But it all backfired when an unspecified... Read more...