EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

09.08.08

Stock Market.NET: Fail

Posted in Finance, GNU/Linux, Microsoft, UNIX, Windows at 10:49 am by Dr. Roy Schestowitz

From airline crashes to stock market crashes

Last week we used the Federal Aviation Administration (FAA) as an example of the unsuitability of Microsoft software for mission-critical operations. Today we witness another disastrous case study. It takes place in London where the stock market has crashed. [Hat tip benJIman for the pointer]

Trading on the London Stock Exchange has been halted after a computer system failed on one of the most frantic days of trading so far this year.

FTSE 100: trading on the London Stock Exchange halted after computer systems failed

In an embarrassment for the LSE, the exchange said that no orders can be entered or executions of those trades occur. The LSE plans to bring back trading in a “controlled way’’, but couldn’t say how long that will take.

Who is to blame? “Everything Microsoft” CIOs like Richard Steel immediately spring to mind [1, 2, 3, 4, 5] because they are very prevalent in the UK.

This London Stock Exchange (LSE) deployment is Microsoft’s wannabe ‘poster child’[1] , for which Microsoft claims “One hundred per cent reliable on high-volume trading days.” Can this ambitious statement be true given those previous outages [2]? LSE is also rumored to have excessive redundancy/backup, which raises costs considerably.

There are a variety of ‘peripheral’ ways in ways in which Microsoft software harms trading. For example, those hundreds of millions of Windows zombies enable stocks to be played [3]. This has already affected both the European [4] and the American market [5].

Reliability is not a strong point for Windows and other layers of the Microsoft stack. The Diebold fiasco is proof of this [6,7]. Meanwhile, wiser officers in the US market [8] and other international markets [9] are choosing GNU/Linux. It’s very pervasive [10, 11, 13] and even Free software has found its way in [12, 14]. GNU/Linux is said to be ready for mission-critical applications [15, 16, 17] and other bits of Free software are getting there too [18].

___

[1] London Stock Exchange Cuts Information Dissemination Time from 30 to 2 Milliseconds [DOC] [HTML]

Working with Microsoft and Accenture, the London Stock Exchange replaced its London Market Information Link (LMIL®) system with Infolect®. It used the Microsoft® .NET Framework, the Microsoft Visual C#® .NET development tool, and the Microsoft SQL Server™ 2000 database

[2] London Stock Exchange blames outage on Infolect

The outage hit shortly before close of trading and forced the exchange to extend its closing auction by a hour and a half, from 4.30pm until 6pm. Even so it was reported that that some traders left for the day with trades unexecuted

Infolect was launched two years ago in place of the exchange’s London Market Information Link platform. It uses Microsoft .net technology and a SQL Server database

[3] Microsoft is the world’s biggest cause of zombie remailers

In China, it would take about one and one-half years wages (for the average Chinese) to buy a legitimate copy of Windows Vista. If you could find it here.

Microsoft is the biggest cause of zombie remailers in the world, because they make noises, but do not do anything to address the real digital inequities in the world.

[4] Pump and dump spam comes to Europe

Earlier this month, the US Securities and Exchange Commission (SEC) had suspended trading in 35 companies that were found to be commonly referenced in pump-and-dump stock email campaigns.

[5] SEC goes after stock spammers, hackers

The SEC action to freeze the assets is the third filed in as many months involving market manipulation schemes conducted through online account intrusions. In the past the SEC has also taken action against individuals who allegedly broke into financial news Web sites or news release services.

[...]

“When spam clogs our mailboxes, it’s annoying. When it rips off investors, it’s illegal and destructive,” SEC Chairman Christopher Cox said in a statement.

[6] Ohio Audit Says Diebold Vote Database May Have Been Corrupted

Problems found in an audit of Diebold tabulation records from an Ohio November 2006 election raise questions about whether the database got corrupted during the tabulation of election results…

[...]

The database is built from Microsoft’s Jet database engine. The engine, according to Microsoft, is vulnerable to corruption when a lot of concurrent activity is happening with the database, such as what occurs on an election night…

[...]

The report mentions that election staff had trouble with the server crashing and freezing on election night.

[...]

The report notes that with punch card machines election officials used to be able to determine definitively if all ballots had been counted in the results.

[7] Diebold’s Problems Worse Than Reported, Tests Find

Nineteen machines had 21 screen freezes or system crashes, producing a blue screen and messages about an “illegal operation” or a “fatal exception error.” A Diebold technician had to restart the machine for voting to resume. Ten machines had a total of 11 printer jams. Almost one-third of all machines in the mock election had a problem.

[...]

“Especially with this blue-screen problem, you don’t know whether it’s the printer drivers, you don’t know whether it’s Diebold’s own code or whether it’s Windows, or where the problem is,” he said. “It brings into question the entire system.”

[8] NYSE Euronext banks on Red Hat

If anyone out there persists in believing that Linux isn’t ready for serious prime time, NYSE Euronext’s dependence on Red Hat should finally lay that silly notion to rest. As announced, the New York Stock Exchange Euronext dumped its proprietary UNIX heritage (AIX, HP UX, Solaris) for the freedom, flexibility, and performance of Linux.

[9] Linux steps up to power NZ Stock Exchange

The New Zealand Stock Exchange is moving to a Linux platform for its settlement and clearing system, replacing its existing HP NonStop platform and applications in order to reduce cost and increase flexibility.

[10] HP Linux servers bolster NYSE trading app

“We favor Linux for what we do. We don’t want to be beholden to any one [hardware or software] supplier, even if it is very good. We want the freedom to be vendor-independent, so Linux was a good choice,” said Rubinow.

[11] Mainframe Linux at SHARE

Everyone is already using Linux somewhere, Elliott said, but there are still people who are afraid to put their mission-critical applications on it for fear that it is not robust enough.

[12] Open Source Slowly Gains Momentum on Wall Street

Customers may be comfortable using Linux for infrastructure-type systems but less so for business software, said Monica Kumar, senior director of product manager for Linux and open-source software at Oracle.

[13] Linux goes to Wall Street, puts on a show

“The Financial Services firms are leading the enterprise adoption of open source technology, including Linux,” says Zachary. “By watching the consumption patterns of these firms, open source vendors can gain a good understanding of the types of products and services that are commercially viable.

[...]

“We see a growing role for open source software beyond Linux in financial services companies and that’s why many companies are expanding the governance policies and procedures around using open source software.”

[14] Open source and mission critical: The Linux application server landscape

In 2005, Michael Dortch, executive editor and director of IT infrastructure management strategies at the Robert Frances Group, penned a report comparing Linux application server total cost of ownership (TCO) with Microsoft’s Windows and Sun Microsystems’ Solaris. In that report, Linux won handily, prompting Dortch to recommend that all IT managers at least give the Linux application server a serious look for mission-critical data center tasks.

[...]

What a lot of our clients are finding today, however, is that, with Linux and open source application servers, the wisdom of the crowd has solved those standards-based problems. And because the management tools are freely available and malleable, they find that the big sell was “cheap and free” but is now “What will complete my processes faster?” Open source used to be inexpensive and free, but now IT is finding value [in it] because it’s more responsive and responsive.

[15] Linux Crossing Threshold to Real Mission Critical Computing

…Linux developers are steadily chipping away at the most significant functional gaps that limited its suitability for these workloads in the past, allowing it to progress far beyond the “edge of network” domain where it has traditionally thrived. The impressive wins by Novell and Red Hat prove that user perceptions about Linux’s limitations are gradually crumbling as well.

[16] Next Gen, Mission-Critical Apps To Be Deployed on Linux Says Report

By now it should be obvious to even the most casual industry observers that Linux operating systems – and open source-based software in general – have reached critical marketplace mass. Recent Linux deals and announcements by Oracle and Microsoft have only reinforced the “open source is enterprise-grade” message that IBM, Unisys and other “Master Brand” hardware, software and services vendors have been preaching for years. In short, open source, especially Linux, is becoming “legitimized” by the major vendors for enterprise environments, and user executives are more than happy to believe them.

[17] CIO study finds Linux ready for prime-time

The company predicts a steep rise: only 18 percent of businesses will be using Linux in business-critical roles by the end of 2007.

“Linux operating systems – and open source-based software in general – have reached critical marketplace mass,” said the study’s authors, Bruce Guptill and Bill McNee of Saugatuck Research.

[18] Forrester: Open source is everywhere, and increasingly used for mission-critical applications

Forrester just issued an insightful report on the increasing adoption of open source in the enterprise. The verdict? Open source is everywhere, and taking an ever-increasing piece of the enterprise pie

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

11 Comments

  1. Needs sunlight said,

    September 8, 2008 at 1:46 pm

    Gravatar

    Two more Windows incidents:

    http://www.techworld.com/opsys/news/index.cfm?NewsID=2275

    http://www.engadget.com/2007/08/16/network-card-crash-leaves-17-000-stranded-at-lax/

    The license (if valid) disclaims both liability and suitability, then the fault for the above can be placed *solely* at the feet of those responsible for letting M$ getting even a toehold in at work.

  2. Roy Schestowitz said,

    September 8, 2008 at 2:04 pm

    Gravatar

    Thanks. I collect these and will occasionally post a roundup.

  3. Jose_X said,

    September 8, 2008 at 3:09 pm

    Gravatar

    >> The license (if valid) disclaims both liability and suitability, then the fault for the above can be placed *solely* at the feet of those responsible for letting M$ getting even a toehold in at work.

    Excellent point. Assuming FOSS could find no backer to offer any further guarantees than as stated for Microsoft, I think it would make lots of business sense to really want to have access to the source code. Only you care about your business as much as anyone could. Microsoft, with their many many other large clients certainly isn’t going to call people out of vacation for you, especially if they have little to lose: “there is always the client that mishandled our software”, “they can’t successfully sue”, “they are locked-in and will come back for more”, “they represent a small portion of our business”.

    In this particular case, Microsoft will likely work hard to help solve the problem, but for the typical user out there that goes with Microsoft products, expect less than little real help from Microsoft compared to what you could get with source code access and free or paid online sources and a smaller more dedicated service provider.

    The bigger problem with going with Microsoft is that you don’t know what kind of business intelligence Microsoft is grabbing from your business. Innocent stats can go very far in giving Microsoft and any partners willing to pay more than you an advantage over you.

    I also see so-called malware writers gaining advantages from the holes in Microsoft products that you don’t and can’t know about or fix in a timely manner. With Linux, you can see and fix relevant issues that crop up even before complete failure. You (or those who really want your business, in competition with each other) can manage risks and resources when you have access to the source code of all the software running your business. It’s smart to know.

  4. Michael said,

    September 8, 2008 at 7:22 pm

    Gravatar

    Well if this doesn’t get someone ‘fired for choosing microsoft’, i don’t know what will. And so much for the total BS of ‘one throat to choke’ all the lecherous middle management like to spout.

    Is the LSE going to sue any of their suppliers or just take the fallout themselves? Mission critical stuff on .NET? Then again, they deserve whatever they end up with.

  5. Roy Schestowitz said,

    September 8, 2008 at 11:08 pm

    Gravatar

    They blame connectivity, but that too is part of the overall system.

  6. Roy Schestowitz said,

    September 8, 2008 at 11:52 pm

    Gravatar

    I found this:

    “Traders said the exchange was suffering an ‘overloading’ caused partly because the FTSE 100 ended down sharply on Friday so traders who were betting on further falls in the index would have to close their positions.”

    So connectivity was just a poor excuse if you ask me.

  7. Needs Sunlight said,

    September 9, 2008 at 1:45 am

    Gravatar

    @Jose_X:

    I have *heard*, but not confirmed, that MS licenses aim to prevent a lot of legal choices. Some of the more bizarre clauses suggest that the customer must back/support MS in court.

    If you can manage to get a printed copy of the *all* the licensing agreements relevant to such a heinous and convoluted stack as MS supplies in situations like for LSE, then you might find all kinds of material to prevent acquisition of MS’ imitations of technology.

    That is if the licenses and contracts are not under NDA. If that is the case, then that too needs to be brought out into public scrutiny.

  8. Needs Sunlight said,

    September 9, 2008 at 1:47 am

    Gravatar

    @Roy:

    No. They do not blame connectivity, they blame the ‘network’, but without indicating the context in which the word is used.

    Same words and tactics as used in whitewashing the Sampo Pankki catastrophe.

    Sure it’s mincing words, but do not read into it something which is not said.

  9. Roy Schestowitz said,

    September 9, 2008 at 2:04 am

    Gravatar

    I read an article where some reps blindly tries to defend the system’s integrity. I believe that they will never come out with a real report (with or without a consensual ‘gagging order’).

  10. Jose_X said,

    September 9, 2008 at 7:15 am

    Gravatar

    >> This London Stock Exchange (LSE) deployment is Microsoft’s wannabe ‘poster child’[1] , for which Microsoft claims “One hundred per cent reliable on high-volume trading days.” Can this ambitious statement be true given those previous outages [2]? LSE is also rumored to have excessive redundancy/backup, which raises costs considerably.

    And…

    What is the cost of missed business? What is the cost of a damaged reputation? Will Microsoft’s “independent” client update the TCO studies for the LSE? Do they know what TCO is?

    Is Microsoft advertizing false material?

    Not sure if these contain any new info, but I’ll post the links anyway:
    http://www.bloomberg.com/apps/news?pid=20601087&sid=a9bRidj83NBQ&refer=home
    http://www.reuters.com/article/ousiv/idUSL01084620080908

  11. Roy Schestowitz said,

    September 9, 2008 at 7:33 am

    Gravatar

    Is Microsoft advertizing false material?

    Does the sun rise in the east?

    Seriously now, this is not the first such incident and this never happens in other markets that run ‘legacy’ systems, including Solaris and GNU/Linux.

    Netcraft has just crowned GNU/Linux for uptime (again). More on that later.

What Else is New


  1. Patent Extremism is Not Normal and Not an Innocent Mindset

    Reflection upon the sad state of the European patent system and how media turns a blind eye to it; worldwide, in general, the discussion about patents is being warped by the litigation giants, whose sole goal is to maximise the number of lawsuits/shakedowns (personal gain)



  2. Links 22/9/2019: LLVM 9.0.0 and FreeBSD 12.1 Beta

    Links for the day



  3. Links 21/9/2019: Plasma 5.17 Beta in Kubuntu, Cockpit 203

    Links for the day



  4. IBM Cannot Become a True Friend of Free Software Because of Its Current Patent Policy

    IBM needs to quit bullying people/companies with software patents; that would help towards appeasement of IBM critics and sceptics



  5. When Patent 'Professionals' Sound Like Children Who Learned to Parrot Some Intentionally-Misleading Buzzwords, Myths and Lies

    With buzzwords like "AI" and misleading terms like "IP" the litigation zealots are trying to convince themselves (and the public) that software is a physical thing and a "property" which needs "protecting" from "theft"; it doesn't seem to bother these people that copyright law already covers software<



  6. The European Parliament Needs to Become More Outspoken About EPO Abuses

    There are few encouraging signs in Europe right now because the EPO's disregard for patent law (striving to just grant as many patents as possible) earned it much-needed backlash from the European Parliament



  7. Links 19/9/2019: German Federal Ministry of the Interior Wants FOSS, Top Snaps Named

    Links for the day



  8. Buying the Voices of 'Linux' People to Repeat Microsoft's Talking Points While Removing Our Icons and Leaders (Calling Them Sexist)

    The dirty games leveraged by several companies including Microsoft target charismatic people who are essential for morale and leadership; these tactics aren't particularly novel



  9. When the EPO Sees Itself as Above European Law, Grants Patents in Defiance of the EPC (Its Founding Document) and Violates Staff's Labour Rights/Protections (International Law)

    The absurd state of affairs at the EPO has reached the point where laws at every level are being violated and even judges are being threatened or vainly ignored; the EU is belatedly trying to tackle these issues, which have actually cost its credibility a great deal and threaten the perception of Rule of Law at multiple levels



  10. Links 19/9/2019: Samba 4.11.0 and Kubernetes 1.16

    Links for the day



  11. Update on Koch v EPO: Internal Appeals Committee (IAC) Composition Still Likely Illegal

    An important EPO case, concerning a dismissed staff representative, shows what ILO-AT and the EPO's Internal Appeals Committee boil down to



  12. Links 18/9/2019: Fedora Linux 31 Beta, PCLinuxOS 2019.09 Update

    Links for the day



  13. Links 17/9/2019: CentOS 7.7 and Funtoo Linux 1.4 Released

    Links for the day



  14. EPO is Not European

    Internationalists and patent trolls are those who stand to benefit from the 'globalisation' of low-quality and law-breaking patents such as patents on algorithms, nature and life itself; the EPO isn't equipped to serve its original goals anymore



  15. The EPO's Central Staff Committee and SUEPO (Staff Union) Respond to “Fascist Bills” Supported by EPO President António Campinos

    Raw material pertaining to the latest Campinos "scandal"; what Campinos said, what the Central Staff Committee (CSC) said, and what SUEPO said



  16. Storm Brewing in the European Patent Office After a Hot Summer

    Things aren't rosy in EPOnia (to say the least); in fact, things have been getting a lot worse lately, but the public wouldn't know judging by what media tells the public (almost nothing)



  17. Why I Once Called for Richard Stallman to Step Down

    Guest post from the developer who recently authored "Getting Stallman Wrong Means Getting The 21st Century Wrong"



  18. As Richard Stallman Resigns Let's Consider Why GNU/Linux Without Stallman and Torvalds Would be a Victory to Microsoft

    Stallman has been ejected after a lot of intentionally misleading press coverage; this is a dark day for Software Freedom



  19. Links 16/9/2019: GNU Linux-libre 5.3, GNU World Order 13×38, Vista 10 Breaks Itself Again

    Links for the day



  20. Links 16/9/2019: Qt Quick on Vulkan, Metal, and Direct3D; BlackWeb 1.2 Reviewed

    Links for the day



  21. Richard Stallman's Controversial Views Are Nothing New and They Distract From Bill Gates' Vastly Worse Role

    It's easier to attack Richard Stallman (RMS) using politics (than using his views on software) and media focus on Stallman's personal views on sexuality bears some resemblance to the push against Linus Torvalds, which leans largely on the false perception that he is sexist, rude and intolerant



  22. Links 16/9/2019: Linux 5.3, EasyOS Releases, Media Backlash Against RMS

    Links for the day



  23. Openwashing Report on Open Networking Foundation (ONF): When Open Source Means Collaboration Among Giant Spying Companies

    Massive telecommunications oligopolies (telecoms) are being described as ethical and responsible by means of openwashing; they even have their own front groups for that obscene mischaracterisation and ONF is one of those



  24. 'Open Source' You Cannot Run Without Renting or 'Licensing' Windows From Microsoft

    When so-called ‘open source’ programs strictly require Vista 10 (or similar) to run, how open are they really and does that not redefine the nature of Open Source while betraying everything Free/libre software stands for?



  25. All About Control: Microsoft is Not Open Source But an Open Source Censor/Spy and GitHub/LinkedIn/Skype Are Its Proprietary Censorship/Surveillance Tools

    All the big companies which Microsoft bought in recent years are proprietary software and all of the company’s big products remain proprietary software; all that “Open Source” is to Microsoft is “something to control and censor“



  26. The Sad State of GNU/Linux News Sites

    The ‘media coup’ of corporate giants (that claim to be 'friends') means that history of GNU/Linux is being distorted and lied about; it also explains prevalent lies such as "Microsoft loves Linux" and denial of GNU/Free software



  27. EPO President Along With Bristows, Managing IP and Other Team UPC Boosters Are Lobbying for Software Patents in Clear and Direct Violation of the EPC

    A calm interpretation of the latest wave of lobbying from litigation professionals, i.e. people who profit when there are lots of patent disputes and even expensive lawsuits which may be totally frivolous (for example, based upon fake patents that aren't EPC-compliant)



  28. Links 15/9/2019: Radeon ROCm 2.7.2, KDE Frameworks 5.62.0, PineTime and Bison 3.4.2

    Links for the day



  29. Illegal/Invalid Patents (IPs) Have Become the 'Norm' in Europe

    Normalisation of invalid patents (granted by the EPO in defiance of the EPC) is a serious problem, but patent law firms continue to exploit that while this whole 'patent bubble' lasts (apparently the number of applications will continue to decrease because the perceived value of European Patents diminishes)



  30. Patent Maximalists, Orbiting the European Patent Office, Work to 'Globalise' a System of Monopolies on Everything

    Monopolies on just about everything are being granted in defiance of the EPC and there are those looking to make this violation ‘unitary’, even worldwide if not just EU-wide


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts