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London Stock Exchange record breaking system faces open source challengers

Nov 02, 2010, 18:03 (1 Talkback[s])
(Other stories by Leo King)

[ Thanks to dmandpenfold for this link. ]

"As the London Stock Exchange today postponed the launch of a Linux based system billed as breaking speed records, other trading venues – including in New York, Singapore, and elsewhere in the UK – expressed their desire to deliver faster technology.

"The new LSE environment was developed in C++, and runs an Oracle database linked in to a customised version of Linux for its matching engine. Its network uses Cisco and Juniper switches.

"A fortnight ago, the LSE announced that its trades were being conducted at an average of 126 microseconds – a figure largely accepted in the industry as a record for live use."

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