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Bug

Algorithmic Trading Glitch Costs Firm $440 Million 377

alstor writes "Yesterday an update to Knight Capital Group's algorithmic trading software caused massive volume buys and sells, resulting in large price swings on the New York Stock Exchange. As a result, the NYSE canceled some of the trades, but today the loss to Knight has been calculated at $440 million. Ignoring adjustments for inflation, this makes the cost of this glitch almost as much as the $475 million charge Intel took for the Pentium FDIV Bug, which might warrant adding this bug to the list of worst bugs. In light of this loss and the May 6, 2010 Flash Crash, perhaps investors will demand changes from firms using algorithmic trading, since the SEC is apparently too antiquated to do anything about it (PDF)."
Cloud

Microsoft's Azure Cloud Suffers Major Downtime 210

New submitter dcraid writes with a quote from El Reg: "Microsoft's cloudy platform, Windows Azure, is experiencing a major outage: at the time of writing, its service management system had been down for about seven hours worldwide. A customer described the problem to The Register as an 'admin nightmare' and said they couldn't understand how such an important system could go down. 'This should never happen,' said our source. 'The system should be redundant and outages should be confined to some data centres only.'" The Azure service dashboard has regular updates on the situation. According to their update feed the situation should have been resolved a few hours ago but has instead gotten worse: "We continue to work through the issues that are blocking the restoration of service management for some customers in North Central US, South Central US and North Europe sub-regions. Further updates will be published to keep you apprised of the situation. We apologize for any inconvenience this causes our customers." To be fair, other cloud providers have had similar issues before.
Facebook

Mark Zuckerberg's Facebook Page Hacked 158

dinscott writes "An unknown hacker broke into the 26-year-old internet celebrity's Facebook account and posted a bizarre message calling upon the firm to adopt a social cause. More than 1800 people 'liked' the update before Facebook took down their CEO's page. Facebook has made no public statement about how the hack occurred, possibly to save their CEO from embarrassment."
Security

UK Can't Read Its Own ID Cards 205

An anonymous reader writes "Despite the introduction of ID cards last November, it has emerged that Britain has no readers that are able to read the cards' microchips, which contain the person's fingerprints and other biometric information. With cops and border guards unable to use the cards to check a person's identity, critics are calling the £4.7bn scheme 'farcical' and a 'waste of time.'"
Windows

Microsoft Extends XP's Life By 6 Months 278

hairyfeet writes "Despite Microsoft releasing Windows Vista more than nine months ago the adoption rate has not been as Microsoft hoped. Bowing further to pressure from OEMs and consumers, Microsoft has extended the life of Windows XP, which was due to end sale by OEMs on January 1 next year, to a new date of June 30. Asked if this was an indication of a strong demand for XP, a Microsoft representative sought to downplay the extension, stating 'We wouldn't term it strong, we would describe this as accommodating a certain element who needs more time.'"
Games

Voice Chat Can Really Kill the Mood 539

Raver32 writes with Wired article about the strange juxtaposition of real life identities intruding on virtual world bliss. Voice chat is becoming a very common component of online games, from MMOGs to FPS titles. Many even bundle a voice chat service into the game client now. That's useful, tactically, but socially it can be downright frustrating, confusing, or awkward. "Recently I logged into World of Warcraft and I wound up questing alongside a mage and two dwarf warriors. I was the lowest-level newbie in the group, and the mage was the de-facto leader. He coached me on the details of each new quest, took the point position in dangerous fights and suggested tactics. He seemed like your classic virtual-world group leader: Confident, bold and streetsmart. But after a few hours he said he was getting tired of using text chat — and asked me to switch over to Ventrilo, an app that lets gamers chat using microphones and voice. I downloaded Ventrilo, logged in, dialed him up and ... realized he was an 11-year-old boy."

EU Gives Microsoft 8 Days Until Fines 537

kaysan writes "European Commissioner Neelie Kroes has presented Microsoft with an ultimatum: Before Thursday next week, Microsoft must hand over all secret information on Windows protocols to its competition. Should the company choose to ignore this demand, it will be severely fined. Microsoft's history with EU fines so far amounts to approximately Euro777.5 million. Both linked websites are Dutch, but then again, so is EU commissioner Neelie Kroes."

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