Ready to be published? LXer is read by around 350,000 individuals each month, and is an excellent place for you to publish your ideas, thoughts, reviews, complaints, etc. Do you have something to say to the Linux community?
The London Stock Exchange has said its new open source-based trading system will save it at least £10 million annually, as well as driving new business.
Millennium Exchange, a Linux and Sun Solaris Unix-based platform, which uses Oracle databases, is being rolled out across all of the LSE's electronic trading systems, replacing the slower TradElect platform, which is Microsoft .Net based. TradElect had suffered a series of high-profile outages and will be replaced by Millennium Exchange in stages from September.
The LSE took on board the new system when it acquired Sri Lankan technology firm MillenniumIT eight months ago for £18 million. As the group today said annual operating profits had fallen 18 percent to £280.3 million, which it attributed to a challenging economy and increased competition, it booked £25.3 million depreciation costs on TradElect.
I'm not actually surprised that this changeover isn't getting more press. Microsoft middleware, and software written by the Mighty Accenture getting the boot? Don't call attention to that, Trade Press, whatever you do!
Post a comment
A free account is needed to post. Write your comment here first: your text is kept in this browser while you sign up or log in, and is waiting for you when you come back.
Your message:
|||||
10
Markdown: **bold**, *italic*, [text](https://link), - lists, > quotes, $x^2$ for math. Formatting help
http://www.computerworlduk.com/management/it-business/it-org... "The London Stock Exchange (LSE) has failed spell out to the markets the precise cause of Monday’s catastrophic seven hour trading outage."