CSE awaits systems failure report from MIT

The Colombo Stock Exchange (CSE), whose systems crashed on September 19 is awaiting a comprehensive analysis from Millennium IT (MIT), its service provider, on the flaw while gearing to invest in a sophisticated system, according to CSE sources.

“We expect the MIT report this week and plan to upgrade and invest in our system accordingly to provide an uninterrupted service,” a source told the Business Times, adding that this is the first time that such a hardware failure occured in the database servers shortly after trading opened. Trading was then halted for the rest of the day and all earlier trades cancelled.