CBOE staff knew of problems in advance
One more "leak". It seems that all financial things are leaking in all the directions all the times (except in my direction)
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The technology staff at CBOE Holdings Inc. knew of software issues in the hours before the huge Chicago-based options exchange suffered a three-hour outage, The Wall Street Journal reports.
"Staffers at the company, which operates the Chicago Board Options Exchange, were confident they could fix the issues, CBOE executives have told colleagues and others outside the company. One area of focus by CBOE Thursday and Friday has been whether the exchange should have moved to a backup system to be safe, the people briefed on the discussions said."
The Chicago Board Options Exchange said earlier today it tracked down the technical problem.
The glitch "cropped up unexpectedly," CBOE Chief Executive Bill Brodsky told CNBC television on Friday. He said CBOE knows what the problem is, but would only describe it as an "internal issue." He said it was not related to a software upgrade.
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