To: 45bday who wrote (2052 ) 7/30/1999 1:00:00 PM From: RADAR ))) Respond to of 2231
To All: PQT news out today The reason for the price "surge" today. At least we know that the Markets will be able to open on Jan. 3, 2000. Does anyone know of any other data provider that has proven compliance with Y2K? RADAR RADAR HyperFeed Technologies' Market Data Systems Pass Millennium Test -- No Y2K-Related Errors -- CHICAGO, June 30 /PRNewswire/ -- HyperFeed Technologies, Inc. (Amex: PQT - news), formerly PC Quote, Inc., a premier provider of real-time and delayed stock and market quotes today announced that its HyperFeed 2000 datafeed, systems and software are Year 2000 compliant. The company participated in an industry-wide test on Saturday, May 1, organized by the Securities Industry Association, which simulated the flow of information from the exchanges/originators to the vendors and from the vendors to their clients. The company showed no Y2K-related problems. The testing proves that the company's hardware, NT platform, utilities, transmissions, proprietary ticker plant software and product software are all Y2K compliant. Overall testing on 71,439 data fields revealed 1,056 non-Y2K related errors for an error rate of 1.4%. Data items represent the attachment of any significant value to a security, such as a bid, ask, last price, or hi/low. An error was defined as a result that did not match what was expected from the scripts, such as a different price. The errors resulted primarily from data entry mistakes, documentation errors and deviations from the scripts. ''Since this was a scripted test requiring manual data entry, this percentage was in the range of what we expected,'' said John Panchery, Securities Industry Association vice president and Year 2000 project manager. ''Trading can not open on January 3 without correct, up-to-date pricing information,'' Panchery continued. ''This test proved that the market data vital to the industry will keep flowing into the New Year.'' Participants included major equity, options and commodity exchanges as well as individual market data, news and research vendors. System clocks in each of the participants' computers were set to January 3, 2000. Data from the test scripts, such as a change in the last sale price in a listed security, were sent from the exchanges (or originators) to market data vendors. The vendors processed the information into their displays and data feeds, and the clients monitored the displays and feeds they received to ensure that the data were processed correctly.