How to lose $172,222 a second for 45 minutesThis is probably the most painful bug report I’ve ever read, describing in glorious technicolor the steps leading to Knight Capital’s $465m trading loss due to a software bug that struck late last year, effectively bankrupting the company.
The tale has all the hallmarks of technical debt in a huge, unmaintained, bitrotten codebase the bug itself due to code that hadn’t been used for 8 years, and a really poor, undisciplined devops story.
Mobile phones aren’t the only products to benefit from nifty touch screen displays. A whole range of medical devices now sport them, also – as any trip to your local emergency department (or dentist’s office) will reveal. Unfortunately, many of those devices are just as balky and bug ridden as your average mobile phone -despite the fact that patients’ lives can rely on them.