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London Stock Exchange reportedly to dump £40m platform

Jul 01, 2009, 20:32 (9 Talkback[s])
(Other stories by Leo King)

"The LSE "appears set" to dump the technology, the Financial Times reported. But the LSE declined to elaborate on the article, when contacted for further information by Computerworld UK.

"Dropping TradElect would be a dramatic about-face for the exchange, which had heavily promoted its ability to rival newer, dedicated electronic exchanges, and plumbed millions of pounds into doing so. It runs on HP ProLiant Servers and Microsoft .Net and SQL Server 2000 systems, and within a Cisco network architecture."

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