atans1

SGX: Disk FT isit? Prime terrorist target?

In Uncategorized on 22/07/2016 at 5:23 am

No lah in my opinion to the first question. The FT president is trying to throw smoke in blaming a faulty disk. It’s more serious.

SGX said that at 9.38am on the day of the trading halt, it detected input and output errors on a disk that runs the application to send out clearing messages to members. The application did not detect the disk failure, which it should have. Hence, the application did not automatically cutover to SGX’s backup secondary system.

Speaking to the press, SGX President Ramaswami Muthukrishnan said the hardware was supplied by HP. This issue was also the first known to be experienced by technology vendor NASDAQ, he said.

(CNA http://www.channelnewsasia.com/news/singapore/sgx-trading-outage-caused/2967760.html)

Well sounds to me that two things went wrong, not one, as claimed by SGX. SGX blamed a faulty disc. Well err what about thisThe application did not detect the disk failure, which it should have?

So an app i.e. software was not doing what it was supposed to: report a faulty disk. Has anything been done to fix the app problem?

The disk has since been replaced, with “complete health checks” conducted, SGX said. The exchange operator also said it is working with member firms to review the order and trade reconciliation process, which took longer than expected on Thursday and prevented the reopening.

Err why nothing said about whether software can now detect disk problem? Because not fixed isit?

Finally, given that SGX’s IT team seems to be an all India affair and given the hatred of India and Indians among Pakistani militants*, a terrorist attack by Pakistani militants (think the Mumbai attack etc)  is a clear and present danger.

SGX should be paying for the Gurkhas to guard its premises. Now Gurkhas are real Foreign Talent, unlike SGX’s FTs.


*But to be fair to these militants, it’s not only Indians they hate. They kill Pakistani kids too.

 

 

 

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