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London Stock Exchange readies Turquoise for big-bang Linux migration

Apr 20, 2010, 19:04 (0 Talkback[s])
(Other stories by Leo King)

[ Thanks to E5Rebel for this link. ]

"Turquoise, the London Stock Exchange's large volume 'dark pool' trading platform, will go live on a new Linux-based platform in August or September.

"The move will be an ambitious "big bang" approach instead of a soft migration, according to a technical note the LSE sent to customers yesterday.The quick changeover is a response to "participant feedback", the LSE said. Services across the Integrated and Dark Midpoint order books will commence trading on the same day.

"Turquoise, of which a controlling stake was bought by the LSE in December, will move away from the Cinnober Tradexpress platform, which is Java based. It will migrate to the MillenniumIT platform, after its creator, a Sri Lankan firm of the same name, was acquired by the LSE in September. MillenniumIT is based on Linux and Sun Solaris Unix environments and uses an Oracle database."

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