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Article: Saint Paul Pioneer Press, Minn., Technology Beat Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 10, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
May 10 -- Wall Street appears ready for the Year 2000.
Over six weekends recently, some 400 securities firms, stock markets and utilities tested their Y2K readiness by executing simulated trades.
With about 96 percent of results reported, Y2K-related problems affected only two one-hundreths of one percent of the 260,000 expected results.
An "expected result" was one step in the processing of a trade, such as receipt by a registered representative of a buy order. It was deemed successful if the participants reported that the step actually was simulated.
"The Y2K-related issues were rare and ...