From: Florian Weimer <fw@deneb.enyo.de>
Subject: Re: A new name for software failure : the glitch
Date: Sat, 11 Aug 2012 21:22:15 +0200
Date: 2012-08-11T21:22:15+02:00 [thread overview]
Message-ID: <87sjbt5j4o.fsf@mid.deneb.enyo.de> (raw)
In-Reply-To: k02vjh$sd6$1@speranza.aioe.org
* Nasser M. Abbasi:
> On 8/4/2012 1:18 PM, francois_fabien@hotmail.com wrote:
>> In finance, software failure can be very expensive very fast.
>> http://dealbook.nytimes.com/2012/08/02/knight-capital-says-trading-mishap-cost-it-440-million/
>>
>
> fyi;
>
> AdaCore issued statement on this error:
>
> August 07, 2012
>
> http://eon.businesswire.com/news/eon/20120807006365/en/AdaCore/Knight-Capital-Group/high-frequency-trading
>
> some quotes
| Last week an error in some automated high-frequency trading software
| from Knight Capital Group caused the program to go seriously amok,
| and when the cyberdust cleared, the company was left holding the
| bill for almost a half-billion dollars to cover the erroneous
| trades.
There are now reports that it wasn't a software error, that is, the
software worked as specified.
The quality of typical Ada marketing material is atrocious.
next prev parent reply other threads:[~2012-08-15 2:48 UTC|newest]
Thread overview: 14+ messages / expand[flat|nested] mbox.gz Atom feed top
2012-08-04 18:18 A new name for software failure : the glitch francois_fabien
2012-08-04 19:58 ` Maciej Sobczak
2012-08-04 21:38 ` F. Fabien
2012-08-05 7:41 ` Dmitry A. Kazakov
2012-08-05 10:58 ` Georg Bauhaus
2012-08-05 12:45 ` Britt
2012-08-10 12:42 ` Nasser M. Abbasi
2012-08-10 13:56 ` Georg Bauhaus
2012-08-10 14:16 ` Nasser M. Abbasi
2012-08-10 16:14 ` Georg Bauhaus
2012-08-11 23:19 ` Yannick Duchêne (Hibou57)
2012-08-11 0:30 ` Randy Brukardt
2012-08-11 19:22 ` Florian Weimer [this message]
2012-08-11 21:25 ` jpwoodruff
replies disabled
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox