I'm trying to imagine the scenario whereby, while grinding and pounding like a piston at high speed towards seventh heaven, your hardware fails. Bursa Malaysia CEO, Datuk Yusli Mohamed Yusoff, told a press conference yesterday (3-Jul) that the suspension of two trading sessions was due to “hardware failure”. And according to him, such technical glitches are "normal market risks" and "is a purely technical issue". Can we say hardware failure is a normal F*^%@ risk?
Bursa's CIO, Yew Kim Keong, said "the back-up system had taken longer than expected to start yesterday due to additional measures adopted to ensure trading integrity. It is our policy (to ensure) that not more than a third of the brokers are unable to connect to the central trading system.”
Blame it on the system!!! That's what I used to do and I thought it's the best excuse you can ever give to your boss or your customer or your supplier when you owe them. But now Bursa's CEO and CIO use the same excuse!!! I thought the higher-up people with such designations are more intelligent than me.
Isn't it people who built the system and maintain it?
Given what Yew said, if you're intent on grinding non-stop to seventh heaven, make sure your system is not "HP Non-Stop Hardware, which was commonly used by exchanges around the world".
“Most importantly is the loss of credibility," said Malaysian Investors Association president Datuk P.H.S. Lim, in responsed to the system breakdown.
Guys, make sure you have a backup penis in case your hardware breakdown while at it. With a loss of credibility, the only ones you could have sex with would be people at Bursa Malaysia.
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