Dear Ms. Stymiest,
For an early Xmas gift could we get a better system to trade on? I would like to have ARCA,REDI and ISLD ecn's added to the TSE. Hell even BTRD could come over and get some MMs from USA too. NITE SUSQ HRZG MLCO.
Time to wake up and smell the coffee it seems. NT will drag down TSE another 600 in the weeks or days to come as NT is headed to 20.00 and many more broken down Tse days are sure to be there as well. Pretty sad when you got to use a system that has the historic capacity of Commodore 64s. I think my blackberry pager could do a better job.
The TSE bottleneck remains and so do you at the helm of the TSE. Maybe you could open your eyes and take a look at the problem as it is not getting any better.
Good Riddings while you are in charge,
Love BB
Troubled times for the TSE
A chronology of trading problems at the TSE, shown here at its former headquarters
March 4, '96: Automated trading system forced to close for most of the morning.
March 27, April 1, '97: Heavy trading volume related to Bre-X fraud crashes computer system.
March 19, '98: System goes down for 14 minutes.
April 5, '99: Exchange halts for more than two hours as communications links collapse.
April 28, '99: A seven-minute shutdown at midday.
Sept. 7, '99: More communications problems shut trading for close to an hour.
Dec. 1, '99: The exchange has problems calculating the value for some of its indexes.
Feb. 18, 2000: High volume of trades delays confirmations for half-hour.
Feb. 21, '00: Computer problems shut down exchange two minutes early and cancel after-hours trading.
March 7, '00: TSE is closed for about 2 hours during one of the exchange's most serious computer crashes.
June 1, '00: Order entry problems force the TSE to suspend trading in Nortel stock for four hours.
Aug 22, '00: The exchange opens an hour late because of a technological glitch caused by human error.
Oct 25, '00: Massive Nortel trading causes order delays. Nortel halted just before noon and doesn't resume.
Oct 26, '00: Nortel trades for 15 minutes at opening, then is halted for almost an hour before restarting. |
