Error shuts down Winnipeg Commodity Exchange

By Winnipeg Sun Staff

The Winnipeg Commodity Exchange was shut down for more than an hour yesterday morning because quote vendors couldn't get information.

Human error was responsible, WCE finance director Mike Gagne said.

"Settlement prices, which are produced at the end of each day, were inputted this morning as though it was the end of today instead of yesterday. The system read that as the market was closed," Gagne said.

There was no buying or selling of contracts during the shutdown which started about 10:20 a.m., but it's impossible to determine the impact and whether any sales were lost, he said.

http://www.canoe.ca/MoneyNews/apr7_wseerror.html

-- Carl Jenkins (Somewherepress@aol.com), April 07, 2000

Answers

London, Chicago, NASDAQ, Toronto, Winnipeg all
within a few days. Connection?

-- spider (spider0@usa.net), April 07, 2000.

Human error! What a joke. Day ending settlements are as germane to markets as the sun rising each morning, whether obliterated by clouds or not.

Now I've heard it all. What a stretch.

-- Uncle Fred (dogboy45@bigfoot.com), April 07, 2000.