Bloomberg (October 2)
2020/ 10/ 03 by jd in Global News
For an entire trading day, a “piece of hardware took down Japan’s $6-trillion stock market,” marking the longest shutdown “since the exchange switched to a fully electronic trading system in 1999.” Besides drawing criticism, the malfunction “shone a spotlight on a lesser-discussed vulnerability in the world’s financial plumbing — not software or security risks but the danger when one of hundreds of pieces of hardware that make up a trading system decides to give up the ghost.”
Tags: Danger, Financial plumbing, Hardware, Japan, Malfunction, Security risks, Shutdown, Software, Stock market, Trading, TSE, Vulnerability
