Merrill's Preventive Plumbing
Traders Magazine, November 2000
A Harvard Business Review case study describes the nightmare of every Information System (IS) manager. You arrive on Monday morning to find that a weekend conversion of your financial system has failed. "Imagine a water main has burst, and water is running through the halls," the IS manager says. "Now imagine that the water is money."
With billions of dollars of business at stake, Merrill Lynch & Co. devised a new information system to overcome the problems caused by converting from a fractional to a decimal system. That was our preventive plumbing.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.