Reply to post: 1987

Hackers? Leap day? Nope, just plain old internet hysteria took down stock-trading-for-noobs app RobinHood

W.S.Gosset

1987

I'm reminded of a presentation at uni at the time by Head of IT for the ASX Australian Stock Exchange.

It went fully electronic (first in the world) in 1987, in an all-or-nothing big-bang overnight Live cutover. Same day, the global market crashed — Australia, Singapore, and Hong Kong by 40%.

He was somewhere between quietly proud and chuffed when he said he likes to say re the project: "The market crashed but we didn't."

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