WindFinancial terminalsDrop a whole trading day
The journalist learned that at around 7 a. M. On 8 january, the windows terminal software under the flag of vande information technology inc. Was not properly registered, indicating that “all site log-in links failed and contact the customer service to resolve”
On 8 january, at 2. 30 p. M., the wind client manager stated to journalists that “the specific cause of the failure of the backbone network lines is not clear. We are still in the process of repairing some of them, and some of them are ready to board and should be completed today”
By the afternoon of 8 january, there were still users who reflected that the internal functionality of the wind terminal had not been fully restored, that there were accounts that could not be accessed and that some account data that could be accessed were restricted, such as viewing and filtering。
“there are now more ways to obtain information than to switch to other channels.”Public fundIntra-corporate sources have suggested that wind as an information platform is more alternative。
At the same time, there is also an in-house call for journalists to say, “the first thing we actually do is open the computer every day, so it's still a big deal. We can't pull out the usual data."
It's official wind's response to the crash
In the early morning of 8 january, the windows terminals were not properly logged in, showing on several occasions that “the connection server failed, please try again later”
Journalists were informed that, shortly after the windows system malfunction, some users had received an in-house notice that “a number of services could not be performed properly as a result of the failure of the company's backbone network line and that construction personnel were in the process of repairing it. We'll let you know as soon as we recover. We will inform the market about the situation every hour, with understanding!”
On 8 january, at 2. 30 p. M., the wind client manager stated to journalists that “the specific cause of the failure of the backbone network lines is not clear. We are still in the process of repairing some of them, and some of them are ready to board and should be completed today”
As at 3 p. M. On 8 january, there were still users who indicated that the internal functionality of the windows terminal was not fully restored, that there were still accounts that could not be accessed and that some account data that could be accessed were restricted, such as viewing and filtering。
On 4 june 2021, the securities regulatory commission of china (hereinafter referred to as the securities regulatory commission) announced a " reporting and investigation of security incidents in the securities futures industry " 。
Among them, chapter ii of the system classification and event classification states that, according to the extent of the direct harm caused to the financial security of the state, to the social order, to the legitimate interests of investors, following the occurrence of a network and information system security incident, the network and information system is divided into five types of systems, four types of systems, three types of systems, two types of systems and one type of system。
In addition, network and information system services capabilities are classified as severe, moderate and mild, depending on the degree of abnormality of service capacity. Specifically, four main indicators, namely, five minutes, 10 minutes, 30 minutes and two hours of severe service capability and duration of failure, are available。
Source: china securities commission
There was an 8% increase in the same bouquet
Information from the official network indicates that wind is the leading financial software service provider in mainland china, with its headquarters located at the shanghai lukko financial centre. Windows data cover areas such as equities, bonds, funds, foreign exchange, financial derivatives, bulk commodities, macroeconomics, financial journalism, etc.; windows meets the needs of institutional investors through timely updating of data. In response to the needs of different clients, such as financial investment institutions, research institutions, academic institutions and regulators, wind developed a range of specialized analytical software and application tools in areas such as information retrieval, data extraction and analysis, and portfolio management applications。
Through these end-of-pipe tools, users can obtain timely, accurate and complete financial and economic data, information and analyses from windows 7x24x365. From a data point of view, wind follows closely the changing financial markets and continues to expand to new areas, providing faster, broader and deeper data and information services to clients。
It is worth mentioning that the dilemma of the windows account is spreading among a growing number of financial institutions, including vouchers and public collections. Journalists were informed that in recent years, the number of accounts opened for the windows terminal system has begun to shrink as a result of the consecutive upward revision of the terminal offer by wind, which has resulted in multiple financial institutions calling “low value for money”. A growing number of studies have also begun to turn to finance such as co-opting (3,00033) ifind, eastern wealth choice, etcData servicesBarn。
In a study dated 5 september 2023, shin wanhong stated that the price of ifind financial data terminal was approximately 8,800-20000 yuan/year/station, according to tender network statistics. The minimum price for the official version of the windows financial data terminal is approximately $2240/month/platform, i. E. 26880/year/platform, and the median price is about $340,000/year/platform. The price of ifind-like products is about 20-30 per cent lower。
“we believe that the main difficulty in replacing ifind was that it was more sticky, and that it was difficult to convert the formula of plugins such as excel, which is already available in the working paper.” shin wanxuan claims that this difficulty is now expected to change, and that ifind has introduced the plugin conversion function, introducing manual customer services for the more difficult parts of the transition, while in the future it is expected to significantly reduce the cost of conversion by continuing to improve formula conversion functions, including through the ai large model。
Or this timeWind showerThe effect of this was a one-time high in the same drive, peaking at 8. 13 per cent. By 3 p. M. On 8 january, $154. 3 had been collected from the same flower, an increase of 3. 63 per cent。
Multi-public solicitation and diversion of information
The response of multiple financial institutions to the effects of the windows failure was inconsistent。
“wind can't use it. It can be used for eastern wealth choice or the same flower ifind. Data analysis is not immediately necessary. But if the investor trades the app software crashes, the impact will be much greater.” a south china securities client manager indicated that if the trading software under the securities firm was not available in the morning, the customers would come forward to complain. However, this phenomenon is rare and trading app failures will be resolved within a maximum of half an hour。
In the same vein, a chinese ministry of public markets says that the company has now begun to compute the demand for the use of the hosnipot and eastern wealth choice, limiting the number of accounts opened by wind. “there was an intention to replace the windows terminal software, and this time the failure of wind accelerated this progress.”
“there are now more ways to obtain information than to switch to other channels.” other members of public fund-raising companies have also revealed that windows, as an information platform, is more alternative. Moreover, the price of the same flower is higher than the price of the other。
At the same time, an insider from one of china's public figures said to journalists, “the first thing we basically open our computers every day is to open wind, so it's still a big deal. We can't pull out the usual data."
The journalist was informed that an internal e-mail from a north china office stated that “wind today was interrupted by a system failure, which affected regular access to business information by our employees through the wind terminal. To this end, our department has put the chanlong classic online client software online, internet terminals (i terminal) housekeepers in place for emergency use. You can also access internet-related information.”
"our daily market coverage may be suspended for a day." according to the above-mentioned internal sources, some fund managers, researchers had to do other work at hand because they had not been able to back up the self-selected stock situation in the windows terminal system and other important data in a timely manner。
