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London Stock Exchange hires 81 C++ developers for delayed Linux system

Posted by Scott_Ruecker on · 8 comments
Computerworld UK; By Leo King
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The London Stock Exchange has hired 81 open source software staff for the development of the delayed Linux-based system being implemented on its cash markets. The developers on the new system will work in a C++ environment, on which the new Millennium Exchange Linux matching engine will operate. Some development is also being conducted "externally", the LSE said, referring to staff at the platform's original base in Sri Lanka. The LSE is replacing a Microsoft .Net environment.

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Comments (8)

The #1 take-away is, "Adding staff to a late project makes it even later." And 81 developers is a lot of staff.
That was my first thought when I read this!
Sri Lanka? Seriously?

Yet another big win for outsourcing. Cheers all around.
Dino: You sure didn't understand the story of the LSE at all, did you?

First, they outsourced their platform to Accenture / Microsoft. Those two companies screwed up, and there was not much LSE could do about it. Then, they 'insourced' their platform, bought the Sri Lankan company, and now they _own_ their own platform, which they can change if they want. To me, that's insourcing, not outsourcing.
> To me, that's insourcing, not outsourcing.

That depends entirely on where the jobs are located. If they're in Sri Lanka, it's outsourcing. If they're in Britian, it's insourcing. Outsourcing is all about where the jobs are, not who owns the company.
@jdixon :

YUP.

I know that some Indian consulting firms hire American programmers right here in the US of A.

I know some American companies hire programmers in China, India, just about anywhere they don't have to pay an honest dollar.

Maybe they should talk to those Indian consulting firms.
I almost surrendered to ya definitionists. However, Wikipedia clearly states:

"Outsourcing or sub-servicing often refers to the process of contracting to a third-party". First line!

So, if you're in London hiring Accenture / Microsoft it's outsourcing. When buying a company in Sri Lanka and moving work from Accenture / MS to your own department, it's insourcing.
The project appears to have "mission-critical" written all over it. You'd think they would want to keep it close.

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