Tech glitch strikes CLS

An outage in the CLS Bank server was discovered at around 10:20 Central European Time last Tuesday (March 25), said Joseph De Feo, president and chief executive of CLS Bank. "The system ran out of database space and didn’t have anywhere to write records so it stopped," he told FX Week. "IBM [which supplies the core CLS technology] worked on first identifying that that was the reason and then to free up space, and we restarted the system. Everything came back up again and it looked like we we