"The London Stock Exchange has issued final
confirmation that at 8am today it will launch a new matching engine
based on Novell SUSE Linux technology, following successful
last-step setup procedures on Saturday.
"The move has been billed as one of the LSE's most significant
technological developments since the increasing prevalence of
electronic trading led to the closure of the traditional exchange
floor in 1986. LSE chief executive Xavier Rolet has insisted that
the exchange, once a monopoly, will deliver record speed and stable
trading in order to fight back against the fast erosion of its
dominant marketshare by specialist electronic rivals.
""The London Stock Exchange Group is pleased to confirm that
Millennium Exchange is now operational," the LSE said in a
statement to clients ahead of the main market trading opening on
Monday. "We would like to thank all clients for their support
during this migration.""
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