Monday, August 24, 2009

London Stock Exchange to consider Linux?

The concern for performance in time sensitive financial environments is very real when the London Stock Exchange (LSE) had a system fault in Sept 2008. The TradElect system in place was MS Windows based and may be considered to be replaced as interviewed by Computerweekly and finextra.com.

During the recent visit by Redhat to Malaysia, the New York Stock Exchange (NYSE) was mentioned as an example of financial systems using Linux. The trading speed of 0.4 milliseconds have been mentioned in the same article. This is almost double the speed of the TradElect but will the investment of billion of Pounds justify replacing it with another new system like Linux? Anyone knows what KLSE is using?

Financial systems world wide looking at the future of their architecture might learn a lesson or two with how the LSE takes charge of their investment and business needs.

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