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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Brian B. Cole who wrote (8273)	10/31/1997 6:59:00 AM
From: Chas	Read Replies (1) \| Respond to of 97611

Great Press on Compaq's Tandem Server Perf. on Wall Street! Both the New York Stock Exchange (NYSE) and the Nasdaq exchange reported that their servers bore the strain of well over a billion shares traded on Monday, when Nasdaq dropped 115.83 points and the Dow Jones Industrial Average plunged 554.26 points. Both exchanges use configurations of servers made by Tandem, a subsidiary of Compaq (CPQ). The NYSE uses a large configuration of Himalaya K20000s for its equity trading systems. The NYSE has used the servers since 1981 to bring orders into the system, match buy and sell orders in real time, and provide posting information back to the trader. Nasdaq has used Tandem's Himalaya K20000 servers since 1983 for its core equity trading operations, as well as additional servers from Sun Microsystems and Unisys. The Tandem servers handle the order execution and trade reporting systems for Nasdaq, as well as the trade confirmation system. According to Norm Goldberg, vice president of financial services for Tandem, the machines ran "just as advertised" on one of the heaviest days of trading in history. Nasdaq traded over 1.4 billion shares and the NYSE processed 1.2 billion shares traded. "The trades were kept running up to date. It was much different from 1987," when the servers could not handle the peak in trading, after the market crashed, Goldberg said. The only major glitch during the day happened because of shortsighted programming at Nasdaq. The so-called confirmation computers were instructed to allow only one million trades per day. As the number of shares traded creeped upwards of 900,000, programmers took down the system to reconfigure it.