Delayed start to ASX?

[LeeTV]

Well if a delayed market open increases my overall holdings by 10% in a crappy market, which it has, I vote for a delayed market open everyday, huzzah!

 

[Ashsaege]

no more shorts..NO,NO,NO,....whats going on!!!

ASIC bans all short-selling

I actually know that guy, and im good mates with the Italian Spiderman

 

[doogie_goes_off]

The buy I had in got blown out of the water in the second pre-open. Annoying to say the least.

 

[mayk]

For those people who are bashing the ASX website and other web server should understand that they are designed for normal loading conditions. They are never designed to consider the worst case scenario as it will be cost pro-hibitive. For these 2% scenario they have a clause in their contract that 2% of the time the server or service will not be available.

Same principle applies to most of the service oriented industries. The famous one is erlang distributiong used in the design of telephone network. Now almost completely rendered useless by the ever growing internet and data traffic and requires more complex models. pm me if interested in those models

Look at the energy footprint of Google, which has to provide a simple webpage to billions of people everyday and every time. They require humongous resources and power..

 

[seasprite]

One of the brokers discovered a jar of sanitarium peanut butter in the cupboard was made in china , and had to contend with peak hour traffic to find a replacement. All trading was halted until his return.

 

[MrBurns]

For those people who are bashing the ASX website and other web server should understand that they are designed for normal loading conditions. They are never designed to consider the worst case scenario as it will be cost pro-hibitive. For these 2% scenario they have a clause in their contract that 2% of the time the server or service will not be available.

Same principle applies to most of the service oriented industries. The famous one is erlang distributiong used in the design of telephone network. Now almost completely rendered useless by the ever growing internet and data traffic and requires more complex models. pm me if interested in those models

Look at the energy footprint of Google, which has to provide a simple webpage to billions of people everyday and every time. They require humongous resources and power..

Errrr...........bulldust - the ASX web site is there to provide a service and to work when it's needed most which will be in times such as this, I don't care about their pathetic disclaimer "we will probably not work in times of share market crises" and the cost to have resources to cope in times like this ? give me a break this is the Australian Stock Exchange not Ma Kettles blog.

Any one who runs a site like that in this manner is a Neanderthal butt scratching primate who should be moved to another area where they can do less damage.

 

[mayk]

MrBurns.

Do you expect that in the case of national disaster there should be plenty of doctors and nurses for each person hurt/ injured? Surely no ones is going to design the hospital by considering such a scenario. Same goes for all the services, you try to aim for mean(average) and anything which is not in the standard deviation is just thrown out the window.

 

[MrBurns]

The share market has regular events that would spike the traffic on it's web site and on every occasion it doesn't cope.

You either have a web site or you don't but don't put up something that simply doesn't do what it's supposed to.

Hospitals cope very well with even large emergencies, because they bring resources in when needed unlike the dullards that run the ASX site who just hide behind a disclaimer.

 

[Trembling Hand]

MrBurns.

Do you expect that in the case of national disaster there should be plenty of doctors and nurses for each person hurt/ injured? Surely no ones is going to design the hospital by considering such a scenario. Same goes for all the services, you try to aim for mean(average) and anything which is not in the standard deviation is just thrown out the window.

Sorry Mayk but they had the futures market open @ 9:50 where some $600,000,000 dollars worth of contracts changed hands. Now they allowed this without an informed market. In fact they continued to allow futures trading up till 10:18.

This isn't about having services up in busy times this is about running a credible service when HUGE amounts of money are involved. Come on even the brokers and IB's had no idea what was going on.

 

[Prospector]

Come on even the brokers and IB's had know idea what was going on.

Yup, this is true, when I rang NAB trading at 9.33 am because I was having problems with the laptop and thought it was me, the NAB checked through all my account, put me on hold for a couple of minutes and then came back with 'we have just found out that the market is on hold'. When I asked why they hadnt put that on their website, they said they only JUST found out! At 9.33!!!!!!

 

[korrupt_1]

You either have a web site or you don't but don't put up something that simply doesn't do what it's supposed to.

on a side note... the ASX website is horrible to navigate... i find it hard to find the information i need... ASX website was probably designed by the same people who designed the ATO website...

 

[MrBurns]

on a side note... the ASX website is horrible to navigate... i find it hard to find the information i need... ASX website was probably designed by the same people who designed the ATO website...

Yes I think the ASX site is not run well at all, it also sometimes has an annoying Fairfax ad pop up that appears when you click links on the site, it immediately minimises itself but you have to click the link again and remember to close the Fairfax ad at some stage.

These guys must be from the early 80's in how they produce and run a site and you know why it's not picked up (my guess) ? because those that can make the changes are either too busy or too old to understand the Web.

 

[mayk]

Just to be clear TH I am not defending negligence. I am only defending the design of server and services based on the model that they should only cope with normal demand, because extremes will make them either useless (not cope with demand) or waste of money (capacity but no demand). A balance is required just like with everything else in life.

For critical application you will be surprised how much redundancy is applied. For example in a telecom satellite, in case of failure of 1 repeater 4 or 8 repeaters are present. Similarly, for the backbone of the internet, for every one switch 10 switches are placed to provide protection (not serve demand just protection).

 

[MrBurns]

Just to be clear TH I am not defending negligence. I am only defending the design of server and services based on the model that they should only cope with normal demand, because extremes will make them either useless (not cope with demand) or waste of money (capacity but no demand). A balance is required just like with everything else in life.

When something doesnt work when it's needed most it's totally unacceptable by any standards.

 

[GreatPig]

Given the hundreds of millions that flow through the exchange each day, I doubt anything in the computer world would be too expensive.

GP

 

[mayk]

When something doesnt work when it's needed most it's totally unacceptable by any standards.

Well if you believe that is the case then I think you will be surprised what will happen in a chaotic scenario. Remember the mobiles and telephones cannot cope if all the people want to use the telephone/mobile line at the same time. No one can guarantee 100% service all the time, unwanted disruptions can happen because of many natural/unnatural events.

Although I agree that given enough resources things can work much better. But as most of the world is always after profits, so no one cares about the extremes. Have a look at huge amount of resources dedicated to Google, it is mind blowing. You can run a small city on the energy required just to run their servers...

 

[MrBurns]

No one can guarantee 100% service all the time, unwanted disruptions can happen because of many natural/unnatural events.

These aren't unnatural events, the share market has crises and their web site has heavy load demands on a regular basis and the system/tech administators they have aren't up to the job.

 

[Prospector]

All the ASX needed to do was issue a statement at 9am to tell people of the delay. It is called - tada - Communication - something the ASX demand of everyone else but obviously not of themselves. To not do this smacks of incompetence.

 

[cuttlefish]

It's shocking behaviour from ASIC and from the ASX - though to some extent the ASX are stuck behind what ASIC is doing.



mayk - the ASX web site is predominately an information server - it is not a transaction processing site like google etc. - the server and bandwidth requirements to have it up to serve information to the paltry numbers of the australian population that trades is miniscule in comparison to what is needed for many other web sites - so the cost of implementing it in a way as to handle conditions like today should not be significant for an organisation like the ASX.

 

[mayk]

It's shocking behaviour from ASIC and from the ASX - though to some extent the ASX are stuck behind what ASIC is doing.



mayk - the ASX web site is predominately an information server - it is not a transaction processing site like google etc. - the server and bandwidth requirements to have it up to serve information to the paltry numbers of the australian population that trades is miniscule in comparison to what is needed for many other web sites - so the cost of implementing it in a way as to handle conditions like today should not be significant for an organisation like the ASX.

Yes they can do better and they should do better. Aesthetics and information availability from their website is altogether a different matter.

Well, I am just stating the design principle, if you guys don't agree it is because you are not trying to see the profit aspect of ASX... This is how websites and other service oriented businesses are designed.