Singapore Exchange hit by yet another computer problem
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(InfoWorld) - Singapore ExchangeÂ (SGX) warned investors not to rely on data provided for the Straits Times Index, one day after a computer inaccurately reported the value of the component stocks in the benchmark index. The incident is the latest in a string of computer-related problems to hit the exchange this year. "The Straits Times Index (STI) may not reflect fully the movement in its components. Market participants are advised not to rely on the figure until further notice," the exchange said on its Web site Thursday morning. However, the exchange soon issued another statement saying the problem had been resolved. "Straits Times Index correctly reflects the market prices of the components," it said. The STI is an index of 50 companies traded on the Singapore stock exchange and is a widely used barometer for how the market is doing. On Wednesday morning, a computer problem at SGX caused the STI's value to be reported incorrectly. "The index was 3,376.06 at the noon trading break, when it should have been 3,437.36, which was a difference of 1.27 percent," SGX said in a statement. Later on Wednesday, the exchange blamed the STI problem on a "computational error" and said the problem had been resolved. But the first statement from SGX on Thursday morning, advising traders and investors to not rely on the STI until further notice, indicated more work remained to be done. SGX executives were not immediately available to comment. The stock exchange has been hit by several computer glitches this year. In February and March, SGX had problems with its trading system, Singapore Exchange Securities Order Processing System (SESOPS). The system's display of order information slowed to a crawl under heavy trading volumes in February, and it was offline for more than an hour during trading in March. At that time, SGX said it planned to upgrade its trading system, which remains in operation.
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WorldPay, the Royal Bank of Scotland's internet payment transaction outfit, is continuing to fight a sustained internet attack which has left its services largely unavailable for a third successive day.
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Economic instability looms as major currencies seem to be racing each other to the bottom of the pile. This is the flavour of the markets at the moment.
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More bad news out of Asia weighed on investors Monday.
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Plus: More Office holes, and a major Adobe problem that affects all browsers.
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The New York Stock Exchange on Wednesday continued its mop-up from the technical glitches that bottlenecked its trading system and triggered a temporary shutdown of electronic transactions during Tuesday's market plunge.
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The Nasdaq Stock Market's systems were hit by a glitch Thursday morning, leaving some of the market's stocks unavailable for trading.
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But dealer's shares follow market down Computacenter today shrugged off any suggestion that it could be hit by the credit crunch crisis, even as evidence mounted that the contagion is spreading from the financial sector to the High Street.â¦
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HSBC customers face chaos as a glitch leaves thousands unable to use its credit, internet and cash machine services.
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SINGAPORE (Dow Jones)--Singapore shares ended lower Monday, hurt by poorer-than-expected third-quarter economic data that added to ongoing concerns over high oil prices and Wall Street&#39;s weakness.
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Under stress, can the computers of the NYSE make the grade?
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The Motley Fool - Shortly after we came back from our big vacation overseas in May, my Apple (Nasdaq: AAPL - News) PowerBook was hit with a computer virus. I can't tell you which one, but it was enough to cripple my Microsoft (Nasdaq: MSFT - News) Office for the Mac software. Symantec's (Nasdaq: SYMC - News) Norton Anti-Virus found the bug, and then eradicated it by exterminating my entire in-box. (Thanks, guys.)
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VALLEY FORGE, Pa. - A computer network outage at The Vanguard Group, which manages $1.1 trillion in mutual fund assets, temporarily left customers unable to access online accounts Thursday afternoon.
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Share trading in London was disrupted on Wednesday afternoon after a technical glitch at the London Stock Exchange.
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Abbey's online banking system suffers problems which mean some customers are shown details relating to other users.
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Secondary IPS site in shared credentials snafu Digital certificate glitches have affected the operation of a secondary website used for UK passport applications.â¦
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Singapore Exchange Ltd., which runs the city&#39;s securities and derivatives market, said an investigation into trading losses at China Aviation Oil (Singapore) Corp.