STORY:
Nasdaq Says It's Y2K Ready

According to a Associated Press report appearing in the Washington Post, officials at the Nasdaq Stock Market say it has successfully completed a series of tests designed to make sure there will be no problems when the year 2000 arrives.

A Nasdaq spokesman says it has every reason to be extremely confident that there will be no serious disruptions in services, and that investors will be protected.

The stock market conducted a series of live tests over four weekends in March and April, running more than 170,000 simulated transactions for nine securities products for the period Dec. 29-31, 1999, and Jan. 3, 2000.

Making sure applications were Year 2000 compliant cost about $55 million. Both NASD and the stock market said they would continue to monitor internal systems as the millennium nears.

Source: Associated Press / Washington Post

DATE: 4/14/99

For more E2000 stories, click here:
news | events | Y2K | today's news

Marketplace
Books
Collectibles
Celebration Supplies
General Merchandise
Travel Packages