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LSE buys MillenniumIT
,----[ Quote ]
| The new platform will be based on Linux and Solaris, while
| TradElect is based on Microsoftâs .Net technology. The
| choice of the latter, which has raised quite a few eyebrows
| in the market, is defended by Lester. He claims that LSE is
| coming off TradElect not because of the .Net technology
| itself (although its trading speed is 2.7 milliseconds
| compared to Linux-based Chi-Xâs 0.4 milliseconds), but âfor
| more control, less costs, and the ability to build and
| innovateâ. Furthermore, he describes LSEâs experience with
| .Net as âvery positiveâ. With LSE and its Italian
| subsidiary, Borsa Italiana, converting to Linux,
| Microsoftâs .Net offering is left with virtually no takers
| â the only remaining one being Johannesburg Stock Exchange
| (JSE). âJSE has been aware for some time that the LSE has
| been considering its trading technology options,â says
| Leanne Parsons, JSEâs chief operating officer. The South
| African exchange âwill be holding discussionsâ with its UK
| counterpart regarding the latterâs technology replacement
| project. However, it is âa bit too early in the processâ to
| go into any detail, she adds.
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http://www.ibspublishing.com/index.cfm?section=news&action=view&id=13440
That's a real chair breaker. It gets worse as more information is revealed.
Recent:
LSE eyes Turquoise to boost independence in Europe
,----[ Quote ]
| The LSE was expected to replace its Microsoft .Net-based
| TradElect platform with a Linux-based system from
| Millennium IT, but that may change if the Turquoise deal
| goes ahead.
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http://www.computerweekly.com/Articles/2009/10/02/237952/lse-eyes-turquoise-to-boost-independence-in-europe.htm
London Stock Exchange in talks to buy Turquoise Trading technology
,----[ Quote ]
| Last month, the LSE announced it will acquire Sri Lankan
| trading firm Millennium IT for Â18 million, replacing its
| Accenture built, Microsoft .Net-based TradElect platform.
| The new platform is understood to be based on Linux.
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http://www.computerworlduk.com/management/it-business/it-organisation/news/index.cfm?newsid=16883
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