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Y2K Tests Put Financial Firms In Hot Seat Tim Wilson U.S. financial companies are running Y2K computer tests that could determine whether they will be allowed to stay in business this fall.

In one of the broadest Y2K tests of networked organizations to date, the Securities Industry Association is advancing the dates on systems used by about 400 "clearing firms"-companies that execute electronic transactions of stocks, bonds and other financial securities. Those 400 firms handle 99 percent of the trades made by the more than 5,000 U.S. securities companies, according to SIA officials. The tests will run through the end of April.

Mr. K

-- Mr. Kennedy (, March 23, 1999


Earlier threads on the topic of this year's SIA tests:

Any reports on THIS weekend's Wall Street testing? at

Does anyone have a report on how this past weekend's y2k simulation testing on Wall Steet went? at

"Wall Street passes Y2K test" -- my butt!! at

Does Anyone Have Published Data From This Weekend's Wall Street Y2K Test? at

Today's WSJ- "Y2K Test Is in the Works On Wall Street" at

-- No Spam Please (, March 24, 1999.

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