basically tech

116 London Stock Exchange moving to a GNU/Linux-based system

Wednesday 7th October, 2009

There are various news sources which are reporting that the London Stock Exchange is moving from the Microsoft .Net-based TradElect to the GNU/Linux-based MillenniumIT system. In fact not only are they moving to this new system, they appear to like the company that produced it so much that they are actually buying it. As usual, the comments contain some of the more interesting viewpoints:
TradElect never met its goals for trading speed, never managed to achieve its availability goals and indeed, managed to shut the LSE for an entire trading day, (this) was a complete disaster for both the LSE and for Microsoft, who had invested considerable time and expertise in underpinning the installation.

TradElect has now been surplanted by a Linux + Solaris setup which has already met the latency goals that TradElect was supposed to provide is a massive loss of face for Microsoft in this area. Those who point to Accenture and assume they carried the can for this alone are ignoring reality.
I'd be willing to bet that the decision to deploy TradElect was one of those crazy decisions, where the techies were all saying, "No, don't do it, it won't work," and the management just ignored them and implemented it anyway. As usual.