Linux trading system to save London Stock Exchange £10m a year
May 24, 2010, 16:03 (7 Talkback[s])
(Other stories by Leo King)
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"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."