"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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