Danske Traders Hit by Data Outage
RECOVERY AND CONTINUITY
COPENHAGEN--Approximately 150 traders in equities, bonds and foreign exchange (FX) couldn’t use their front-end systems for two days because of a data storage problem at Danske Bank two weeks ago, officials confirmed last week.
Since then, the bank has recovered from the IT shutdown that affected the bank’s institutional trading and retail banking systems, officials say.
Officials at the bank in Copenhagen say the problems stem from a failing power supply to a data subsystem within an IBM
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