Wall Street trading software not adequately tested, experts warn

stock market tete a tete

Recent high-profile technical glitches within financial institutions are due to an aggressive culture of pushing through new technology without testing it first, industry experts warn. Failures in software at Goldman Sachs and the New York Nasdaq stock exchange in August have led to accusations that Wall Street is pushing through software that may not be ready for use – leaving compliance departments to catch up.

The Nasdaq shut down trading for three hours on August 22 after an IT problem

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