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anomalies + anniversary: stock exchange Japan
Date: 2006/10/24 19:51 By: erkan Status: Visitor  
 
Hello,

in this topic, I will add the anniversaries of some anomalies:

stock exchange Tokio: loss of 280 Mio. Euro

on 1st November 2005:
the stock exchange was stopped because of a crash.

on 8th December 2005 (about 1 month later):
a person "tested" two input-fields:
  • price

  • amount of shares to sell


  • the person wanted to sell:
    one share for 610000 Yen (around 4300 Euro)
    but:
    he typed: 610000 shares for 1 Yen

    "of course" the software accepted this illogical input
    also another thing:
    the software did not allow to change the input for 10 minutes

    because of this:
    hundred of thousands people wanted to buy the shares
    and the value of the share fell rapidly

    actions which were taken:
    some people had to resign:
    chief of the stock exchange
    2 directors

    Yosano, minister for finance in Japan, recommended:
    instead of concentrating for initial public offer for the stock exchange - the stock exchange-responsibles should concentrate on the quality of the system.


    the question I ask myself is:
    was the person "testing" the input fields rewarded or fired?
    I mean he found a failure in the system after such a long time

    source:
    Software Quality Systems AG (SQS) (2006): Quality - Das Kundenmagazin der SQS Software Quality Systems AG, 2-2006, Köln, Deutschland. page 15
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