U.S. security exchanges are feverishly working in the wake of August's Nasdaq trading halt to reinforce a market that too frequently seems to succumb to technology glitches, but these efforts are unlikely to rectify all the weak spots. Making the SIPs more resilient highlights a problem for a market that generally operates exceptionally well, despite a number of high-profile technology failures since early 2012, including Nasdaq's botched handling of Facebook's IPO that May. The more than 50 equity trading venues and their links to hundreds of brokerages, with differing software and numerous order interfaces with the market, have created a system so complex it is vulnerable to failure in countless ways. Monitoring for potential glitches or other application failures has taken on greater importance with the market now geared to trade large volumes of securities in microseconds, said Donal Byrne, chief executive of Corvil, which monitors the performance of trading platform operating systems.
via Business News - Yahoo Finance http://finance.yahoo.com/news/analysis-u-exchanges-grapple-solutions-184608122.html
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