
When the Chicago Board Options Exchange trading system was knocked out a few weeks ago, investors and customers wanted answers, and they wanted them fast. The CBOE answered, but the outage wasn’t a hack as many had guessed – it was a software defect that, by all accounts, the development team was fully aware of before the release. The cause of this defect was based on poor tracking of requirements that were not met. The CBOE itself stated as the cause as, “preliminary staging work related to the planned reconfiguration of our systems … [Read more...]





