Market Data Vendor Misses Signal, High Volume Scrambles Closing Prices

WatersTechnology Staff
07 Nov 1997

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The unprecedented trading volume on the New York Stock Exchange and the Nasdaq market last week didn't appear to inflict any lasting damage on the mutual fund industry or the computer systems that support it. By most accounts, money management firms' portfolio accounting systems, trading desks and pricing systems managed to keep pace with the billion-plus shares traded on both the Big Board and the Over-the-Counter markets.

Some isolated snafus caused a handful of fund distributors--including

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