SIA/FIF Y2K Test Shows Systems Ok, Prices Inaccurate


NEW YORK--On May 1, the Securities Industry Association (SIA) and the Financial Information Forum (FIF) set the clocks ahead to simulate the flow of market data on January 3, 2000. Although there were no reported problems with systems--transport mechanisms and formats, for example--there were a number of price discrepancies which were unexpected.

Tom Jordan, executive director of the FIF, says that the scripts were executed as planned and the problems that occurred did not appear to be Y2K-re