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London Stock Exchange dumps Windows for Linux

Oct 07, 2009, 21:32 (3 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)

[ Thanks to Steven J. Vaughan-Nichols for this link. ]

"The new LSE management is not going make that mistake again. This October, the LSE purchased MillenniumIT and will be switching its stock exchange programs to the company's Linux-based Millennium Exchange software.

"I saw this move coming. While the LSE never officially announced that its Windows and .NET stock trade software TradElect was the root of its September failure and perpetually slow performance, it was an open secret in the City -- London's equivalent to America's Wall Street -- that that was the case. Indeed, it was this technology flop that lead to the LSE CEO Clara Furse leaving the Exchange in July. The new CEO, Xavier Rolet, immediately decided to get rid of TradElect and started shopping for other platforms."

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