Bonum Certa Men Certa

Microsoft Technology Crashes Financial Markets, Again

Microsoft stack is a mutual fund's assured destruction

SunGard and Microsoft



Summary: SunGard, which is a Microsoft shop, is clearly failing to provide what it calls mission-ciriticaal [sic] solutions

IT HAS been an exceptionally long time since we last heard from or wrote about the London Stock Exchange (LSE) [1, 2, 3, 4, 5] because now that it runs a lot of Free software, including GNU/Linux at the very core, it is so stable that the architecture is not newsworthy. It's uneventful. There are, however, some who still insist on using Windows in mission-critical systems. They are paying a high price for this, first at acquisition and later when things go awry, repeatedly even.



Not only the LSE moved to GNU/Linux (dumping Microsoft after many severe problems and a huge bill). Wall Street is famously GNU/Linux-powered after many years with UNIX (it never relied on Windows), but there are private firms that rely on Microsoft and they have just paid a very high price for that. "Bank of New York Mellon Corp.," says the Wall Street media, "is still working to provide closing prices for certain mutual funds and exchange-traded funds after a technology used to generate net asset values broke down on Monday."

"Computer Glitch rocks the Mutual Fund Industry," wrote to us a reader, pointing to more articles about the collateral impact (it's disrupting the market as a whole). "There'll be no mention of the Microsoft connection," he noted. So far he has been right. Nobody calls out Windows. Here is Microsoft's page about the "Microsoft and SunGard Alliance". To quote parts of it: "As is demonstrated by the IntelliMatch Operational Control Windows 8, SunGard is innovating utilizing Microsoft technology to ubild mission-ciriticaal [sic] solutions for the global financial services community"

Yes, mission-ciriticaal [sic] (not our typo) is what it's really for. They can't even deal with English, so how about real-time systems with trillions of transactions? Based on Google's cache, the page has contained this typo for quite some time. SunGard is a joke and it relies on Microsoft's amateurish software.

Having looked for stronger evidence of Windows being the cause, a reader told us, sarcastically: "If it wasn't Windows they would be singing it to the rafters. On the other hand maybe it was a pretext to shutdown trading as the market was in the middle of another panic selling. Remember when a whole days trades was 'lost' on the NY stock exchange. The computers recovered just at the end of day trading."

"There are many reasons why no firm should ever use Windows, as Stuxnet serves to remind anyone who is still wilfully ignorant. This is especially true for financial firms, law firms, politicians, and journalists."There are many reasons why no firm should ever use Windows, as Stuxnet serves to remind anyone who is still wilfully ignorant. This is especially true for financial firms, law firms, politicians, and journalists. They don't need to be "foreign" to be targetted, they just need to be viewed as "hostile" towards some of those who are presently in Power. The government wishes to meddle and disrupt opposition or risk to Power. That's a universal problem.

The author at TechDirt [1], as well as others [2], neglect to mention right now that CIPAV, which the FBI turns out have used to disrupt journalists based on the explosive revelations below, specifically targets Microsoft Windows, a platform with back doors.

Related/contextual items from the news:



  1. AP Sues FBI Over Impersonating An AP Reporter With A Fake AP Story
    Last fall, we wrote about how the FBI had set up a fake AP news story in order to implant malware during an investigation. This came out deep in a document that had been released via a FOIA request by EFF, and first noticed by Chris Soghoian of the ACLU. The documents showed the FBI discussing how to install some malware, called a CIPAV (for Computer and Internet Protocol Address Verifier) by creating a fake news story...


  2. Associated Press sues FBI over fake news story
    The Associated Press filed a lawsuit (PDF) this morning, demanding the FBI hand over information about its use of fake news stories. The case stems from a 2007 incident regarding a bomb threat at a school. The FBI created a fake news story with an Associated Press byline, then e-mailed it to a suspect to plant malware on his computer.

    The AP sent a Freedom of Information Act request to the FBI last year seeking documents related to the 2014 sting. It also seeks to know how many times the FBI has used such a ruse since 2000. The FBI responded to the AP saying it could take two years or more to gather the information requested. Unsatisfied with the response, the Associated Press has taken the matter to court.

Recent Techrights' Posts

Against Outsourcing of Sites and E-mail
Software Freedom is great, but it is not enough if you let someone else do it 'for you'
Drew DeVault: People Talking About My Attack Site (Against the Founder of GNU/Linux) is "Spam"
"Spam on sr.ht mailing lists"
"Oppose the Fascist"
what the founder of GNU/Linux said
Halloween, All Saints Day & Swiss citizenship
Reprinted with permission from Daniel Pocock
Saving the Planet With Honesty, Transparency, and Sharing (Not Only of Computer Code)
GAFAM is destroying the only habitat humans and other animals have and it'll only get worse
Shout-out to Christine From FOSSForce
Who noticed our short story
Apple's MacOS Shows Us the Vision of Computing That GAFAM Has for Us (Digital Prisons)
Freedom means "we the people" should be in control, not people being controlled by corporations (contemporary slaveowners)
 
[Meme] The 2024 'Info Bros'
And prehistoric googling
Computers Getting Worse (for the User) Over Time
This is like Windows-ism coming to "Linux" through the hardware
[Meme] How NOT to Vote
Another form of (mostly-unspoken-of) election interference
An LLM Inside a 'Search' Engine Means That Companies Tell You What They Want, Not What Web Pages to Visit
The future of 'googling' things might be as unreliable as using Social Control Media as a source of information
Google's Debt Has Increased and 'Cash on Hand' Fell by 22.27% This Past Year
These are the numbers that the corporate media intentionally leaves out
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Monday, November 04, 2024
IRC logs for Monday, November 04, 2024
There's a Reason Why Techrights is Turning 18 and Tux Machines Will Turn 20.5 Next Month
I started advocating GNU/Linux when I was a teenager
Techrights Has a Long History of Fighting to Expose 'Team Mono' or Microsofters Inside GNOME
Never downplay the malice of Microsoft and its operatives
Gemini Links 05/11/2024: Halloween Over, Intention and Implementation, Bookmark Syncing
Links for the day
Microsoft Lost Nearly Half of Its 'Cash Reserves' This Past Year
Is Microsoft (MSFT) the next Intel (INTC)?
The Year Isn't Over Yet, There Will be More Waves of Microsoft Layoffs
Nowadays Microsoft just tries to conflate/equate its energy waste with "value"
The Corporate Media Blasted Bitcoin for Destroying the Planet and Must Do the Same to Incite the Public Against the 'Great Rigging of Wall Street' (Under the Guise of "AI", the Latest Gold Rush)
"AI" is the next "metaverse" (trailing by a few months)
[Video] Richard Stallman is Back to Halo and Gown (in Peru) With 2+ Hours of a Public Talk
The globetrotting Richard Stallman gave many talks at the end of last month
Going Strong Against the Wind
the abuse serves to emphasise or affirm the importance of what we do
Links 04/11/2024: Squashing More Software Patents and Taiwan at Risk
Links for the day
Gemini Links 04/11/2024: Typing vs Writing and a Smol (Net) Pub
Links for the day
Links 04/11/2024: LibreOffice Had Adopted PeerTube, "Hey Hi" Hype is a Threat to the Energy Grids (Worse Than Fake-Coins)
Links for the day
[Meme] Social Control Telescreens With Microphone
Nineteen Eighty-Four
Not Boycotting Apple (Yet)?
"Apple Forces The Signing Of Applications In MacOS Sequoia 15.1"
statCounter This Month: Android Has Nearly Become Twice as Big as Windows
If it happened, it would be an unprecedented milestone
Why Technical Sites Need Not Make Political Recommendations or Endorsements
Except perhaps when it's for some purely technical role, e.g. FCC chief
[Meme] Apple Freedom
Freedom is... the ability to purchase as many 'i' things as you want
"Active" as in One URL, One Emoji, and 4 Words in One Week
Diversity community in Fedora
Apple Vision Pro Has Failed, Just Like "Metaverse"
Vision Pro lacks software
Things That Can Improve Election Integrity
the first two relate to "tech"
Rigging Elections is Difficult, Cheating a Little is Not
Avoid social control media, it is the biggest rigger of all
"People who live in glass houses shouldn't throw stones"
On throwing stones in a glass house
Our Stance on Electronic (or Digital) Voting Machines
The simple activity of voting and counting ballots does not require thousands of complex machines with hundreds of millions of transistors and hundreds of millions of lines of code
Microsoft and "Retrospective Re-writing of History..."
in YouTube anyone can make stuff up (as one goes along)
This Coming Week
Go exercise your right to vote
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Sunday, November 03, 2024
IRC logs for Sunday, November 03, 2024
Reddit is (Still) Lying and Faking
Don't fall for this phony idea that the above sites are grassroots or edgy; they're not
GNU/Linux Users Are Not Cheaters
The bottom line is, most cheaters use Windows
Links 04/11/2024: FCC, Broadband Industry Spar Over Net Neutrality; Software Patent Squashed
Links for the day
Gemini Links 03/11/2024: Official MyGemini.Space Announcement
Links for the day
Gemini Links 03/11/2024: Election Thoughts, Plagiarism, and LLM Slop
Links for the day
Links 03/11/2024: Deere 'Right to Repair' (RoR) and "Threads Bans Anyone For Mentioning Hitler"
Links for the day
[Video] "El Movimiento del Software Libre y el Sistema Operativo GNU" by Richard M. Stallman
The footage is a bit jittery (taken with a phone apparently, and there's no tripod available), but the sound is OK and the words (in Spanish) are comprehensible
Android at New Highs (47%), Windows at New Lows (24%), Suggests Latest Data From statCounter
So the market share of Android is about double that of Windows
[Video] Richard Stallman's Talk in Spanish (in Peru Last Week)
Alternative URLs too
The Media Focuses on the Wrong Scandal
The real scandal at MIT was Gates
Gemini Links 03/11/2024: Fantasy Life Day and Worship
Links for the day
[Meme] Write Us Drivers and GTFO!
When you realise sanctioning BRICS devs goes against the community
Decommissioning Copper Lines Makes Us Less Safe
We've essentially degraded the robustness or reliability of critical systems
Life of an Addicted Lolicon Who Can Also Code
Personal blog as an open diary
[Meme] Reporting Crime is Not a Crime
Obviously!
Manchester Party for Techrights
If you choose to come, of course we'll cover the cost of the food and treats (but not travel)
Privacy is Not a Crime (in Places Where It is a Crime the Regime is Typically Very Rogue)
Also, criminals lack "privacy rights" to hide their crimes from the public
GNU/Linux "Market Share" in Lebanon More Than Doubled in a Few Months
Maybe it's a reaction to something? Assassination in Haret Hreik was in July.
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Saturday, November 02, 2024
IRC logs for Saturday, November 02, 2024
Nearly 40 Years Without Security Incidents
People who use Windows have come to sort of "accept" that security incidents are part of life or "normal"
[Meme] The Streisand Effect
Simon says, don't bother trying to suppress facts
Streisand Effect at IBM?
Trying to silence your workers isn't the best approach. It only makes colleagues even more curious.
Microsoft is a Gift That Keeps Giving (Future Stories to Techrights)
Microsoft has been trying to silence me using dirty tricks for nearly 20 years
Elon Musk Has Trashed Twitter for Ideological Reasons (and Propping Up Trump in Exchange for Financial and Political Favours Once in Public Office)
In case you didn't leave Twitter already, consider the fact that Twitter's (or "X"... whatever!) future is uncertain
Wall Street Has Demoted Intel, Seeing There May be No Future to Intel
Intel's loss isn't a loss to us
Free Software Licence Compliance is About Security Too
Linux as de facto proprietary off-the-shelf platform