CLS glitch repeat unlikely
"To the best of our ability we do not believe a similar or close to similar series of events could occur again," the spokesperson said. "In terms of our operations we have extended our procedures and reviewed roles and responsibilities."
The March 25 outage (FX Week, March 31) was caused by the CLS system running out of database space and being unable to write new records of transactions. The system was then restarted, but a second technical glitch resulted in a request to central banks to extend
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