Tuesday, September 9, 2008

London Stock Exchange System Fail Too

Student, "Protrade reported that London Stock Exchange system failured yesterday."

Cikgu, "Bursa Malaysia is not alone now."

Student, "London Exchange refuses to inform the public what when wrong."

Cikgu, "Of course they can't right now until they have the full picture just like Bursa."

Student, "Do you think there will be any top management resigning at London exchange?"

Cikgu, "Who knows. If there are sufficient shareholders or stakeholders raise their dissatisfaction, there will be head rolling. Whether it will be the CIO or the COO...... Each country and each corporation handles it differently."

Student, "I was told Jonnesburg exchange also was suspended. Something about using the system from the same vendor."

Cikgu, "Bursa new system will be from the same vendor as a European exchange. Hopefully it is not the same as London exchange."