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London Stock Exchange takes Â20m hit on almost redundant TradElect platform
,----[ Quote ]
| The often troubled TradElect system remains five | times slower than rivals' reported speeds. It
| was upgraded in 2008 by Accenture at a cost of
| Â40 million, is based around Microsoft .Net
| architecture and runs on HP ProLiant servers
| with Cisco networking technology.
|
| It is due to be replaced at the end of next year
| by an open source based platform built by
| MillenniumIT, which the LSE acquired in
| September for Â18 million.
|
| [...]
|
| The system is aimed at saving the LSE over Â10
| million a year from 2012. It will also bring in-
| house the LSEâs software development, provide
| âdedicated research and development supportâ,
| and offer new revenue streams by selling
| technology to other financial markets.
|
| Profits at the stock exchange tumbled for the
| six months by 37 percent to Â79 million. The
| exchange reiterated that it hopes an ongoing
| cost cutting exercise and management restructure
| will save it over Â11 million a year.
`----
http://www.computerworlduk.com/technology/networking/messaging/news/index.cfm?newsid=17751
London Stock Exchange trading hit by technical glitch
,----[ Quote ]
| Trading on the London Stock Exchange (LSE) has
| been brought to a halt by technical
| difficulties.
`----
http://news.bbc.co.uk/1/hi/business/8380607.stm
London Stock Exchange trading hit by data glitch
,----[ Quote ]
| Technical problems led to the suspension of
| trading in some FTSE 100 stocks on the London
| Stock Exchange this morning.
|
| [...]
|
| 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.
`----
http://www.computerworlduk.com/management/infrastructure/applications/news/index.cfm?newsid=17077
Recent:
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.
`----
http://www.computerworlduk.com/management/it-business/it-organisation/news/index.cfm?newsid=16883
London Stock Exchange grabs rival
,----[ Quote ]
| The London Stock Exchange is in exclusive talks to buy
| Project Turquoise, the rival trading platform set up by
| nine banks in order to push down transaction fees.
`----
http://www.theregister.co.uk/2009/10/02/lse_turquoise_talks/
About that London Stock Exchange IT failure
,----[ Quote ]
| All of which should have you wonder what Linux has to do with any of this -
| Microsoftâs headline, youâll recall said that the LSE picked Windows over
| Linux for reliability.
|
| The answer is that Linux has nothing to do with any of this: Microsoft simply
| hung an anti-Linux label on a very carefully worded story about a pair of
| committed Microsoft partners, HP and Accenture, getting together with
| Microsoft to sell rather simple technology to a willing customer - and
| neither Linux nor Solaris is mentioned anywhere in the text.
`----
http://blogs.zdnet.com/Murphy/?p=1242
Furse should not resign, she should be sacked
,----[ Quote ]
| Comment The farce of the London Stock Exchange not only crashing but failing
| to get its systems up and running again should surprise no one.
|
| Well, no one except LSE boss Clara Furse, who demonstrates little
| understanding that technology is crucial to her business.
|
| Iâve worked for members of the London Stock Exchange and everyone agrees she
| is world-class at corporate presentations, but the evidence that she can
| actually run things is rather harder to come by.
|
| No one expects her to write FIX handlers, or optimise an order-matching
| engine, but her yes-men simply were not in the position to make any
| intelligent decisions on technology, if we look at the board of the LSE.
|
| Do we see anything that even looks like experience in technology? No. We see
| three from the media, and of course accountancy, but no mention of
| technology.
|
| To be sure, the CIO (not on the board) is ex-Accenture man David Lester. To a
| Reg reader, Accenture will be associated in the context of technology with
| the words âscrew upâ, âlateâ, and âover budgetâ. Clara Furse cannot be held
| responsible for problems with Cisco switches - one of the suggested
| culprits - but she is absolutely in the frame for the choice of senior
| management and strategic vendors.
`----
http://www.theregister.co.uk/2008/09/13/furse_lse_comment/
London Stock Exchange in denial over system outage
,----[ Quote ]
| The LSE absolved its core TradElect platform from blame. The system, designed
| and built by Accenture, runs on HP ProLiant Servers and Microsoft .Net and
| SQL Server 2000 systems. Accenture declined to comment on Monday's events.
| The LSE said, "we won't discuss dealings with our individual suppliers".
|
| Bob McDowall, senior analyst at Tower Group, said sparse explanations
| provided by the LSE so far were ânot very satisfactoryâ.
`----
http://www.computerworlduk.com/management/it-business/it-organisation/news/index.cfm?newsid=10947
London Stock Exchange trading derailed by computer crash on frenzied day
,----[ Quote ]
| Trading on the London Stock Exchange has been halted after a computer system
| failed on one of the most frantic days of trading so far this year.
|
| FTSE 100: trading on the London Stock Exchange halted after computer systems
| failed
|
| In an embarrassment for the LSE, the exchange said that no orders can be
| entered or executions of those trades occur. The LSE plans to bring back
| trading in a âcontrolled wayââ, but couldn't say how long that will take.
`----
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/09/08/bcnlse408.xml
London Stock Exchange blames outage on Infolect
,----[ Quote
| The outage hit shortly before close of trading and forced the exchange
| to extend its closing auction by a hour and a half, from 4.30pm until
| 6pm. Even so it was reported that that some traders left for the day
| with trades unexecuted
|
| Infolect was launched two years ago in place of the exchangeâs London
| Market Information Link platform. It uses Microsoft .net technology and
| a SQL Server database
`----
http://www.cio.co.uk/concern/security/news/index.cfm?articleid=2248&pagtype=allchantopdate
NYSE Euronext banks on Red Hat
,----[ Quote ]
| If anyone out there persists in believing that Linux isn't ready for serious
| prime time, NYSE Euronext's dependence on Red Hat should finally lay that
| silly notion to rest. As announced, the New York Stock Exchange Euronext
| dumped its proprietary UNIX heritage (AIX, HP UX, Solaris) for the freedom,
| flexibility, and performance of Linux.
`----
http://www.cnet.com/8301-13505_1-9942680-16.html?part=rss&tag=feed&subj=TheOpenRoad
Linux steps up to power NZ Stock Exchange
,----[ Quote ]
| The New Zealand Stock Exchange is moving to a Linux platform for its
| settlement and clearing system, replacing its existing HP NonStop platform
| and applications in order to reduce cost and increase flexibility.
`----
http://computerworld.co.nz/news.nsf/news/F586239BCCA7593FCC2573F00001488E
HP Linux servers bolster NYSE trading app
,----[ Quote ]
| "We favor Linux for what we do. We don't want to be beholden to any one
| [hardware or software] supplier, even if it is very good. We want the freedom
| to be vendor-independent, so Linux was a good choice," said Rubinow.
`----
http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1285921,00.html
Microsoft is the world's biggest cause of zombie remailers
,----[ Quote ]
| In China, it would take about one and one-half years wages (for the
| average Chinese) to buy a legitimate copy of Windows Vista. If you
| could find it here.
|
| Microsoft is the biggest cause of zombie remailers in the world,
| because they make noises, but do not do anything to address the
| real digital inequities in the world.
`----
http://www.theinquirer.net/default.aspx?article=38202
Pump and dump spam comes to Europe
,----[ Quote ]
| Earlier this month, the US Securities and Exchange Commission
| (SEC) had suspended trading in 35 companies that were found to
| be commonly referenced in pump-and-dump stock email campaigns.
`----
http://www.theinquirer.net/default.aspx?article=38607
SEC goes after stock spammers, hackers
,----[ Quote ]
| The SEC action to freeze the assets is the third filed in as many
| months involving market manipulation schemes conducted through
| online account intrusions. In the past the SEC has also taken
| action against individuals who allegedly broke into financial
| news Web sites or news release services.
|
| [...]
|
| "When spam clogs our mailboxes, it's annoying. When it rips
| off investors, it's illegal and destructive," SEC Chairman
| Christopher Cox said in a statement.
`----
http://news.com.com/2100-7348_3-6165804.html?part=rss&tag=2547-1_3-0-20&subj=news
,----[ Quote ]
| Problems found in an audit of Diebold tabulation records from an Ohio
| November 2006 election raise questions about whether the database got
| corrupted during the tabulation of election results...
|
| The database is built from Microsoft's Jet database engine. The
| engine, according to Microsoft, is vulnerable to corruption when a lot
| of concurrent activity is happening with the database, such as what
| occurs on an election night [and Microsoft advises againt using Jet in
| a complex environment]...
|
| The report mentions that election staff had trouble with the server
| crashing and freezing on election night....
|
| The report notes that with punch card machines election officials used
| to be able to determine definitively if all ballots had been counted
| in the results....
`----
http://blog.wired.com/27bstroke6/2007/04/diebold_vote_da.html
,----[ Quote ]
| "Nineteen machines had 21 screen freezes or system crashes, producing a
| blue screen and messages about an "illegal operation" or a "fatal
| exception error."
|
| "Especially with this blue-screen problem, you don't know whether it's
| the printer drivers, you don't know whether it's Diebold's own code or
| whether it's Windows,"
`----
http://www.verifiedvotingfoundation.org/article.php?id=6257
Mainframe Linux at SHARE
,----[ Quote ]
| Everyone is already using Linux somewhere, Elliott said, but there are still
| people who are afraid to put their mission-critical applications on it for
| fear that it is not robust enough.
`----
http://www.linux.com/feature/118624
Open source and mission critical: The Linux application server landscape
,----[ Quote ]
| In 2005, Michael Dortch, executive editor and director of IT infrastructure
| management strategies at the Robert Frances Group, penned a report comparing
| Linux application server total cost of ownership (TCO) with Microsoft's
| Windows and Sun Microsystems' Solaris. In that report, Linux won handily,
| prompting Dortch to recommend that all IT managers at least give the Linux
| application server a serious look for mission-critical data center tasks.
|
| [...]
|
| What a lot of our clients are finding today, however, is that, with Linux and
| open source application servers, the wisdom of the crowd has solved those
| standards-based problems. And because the management tools are freely
| available and malleable, they find that the big sell was "cheap and free" but
| is now "What will complete my processes faster?" Open source used to be
| inexpensive and free, but now IT is finding value [in it] because it's more
| responsive and responsive.
`----
http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1264755,00.html?track=NL-825&ad=597846&asrc=EM_USC_1828806&uid=2087385
Forrester: Open source is everywhere, and increasingly used for
mission-critical applications
,----[ Quote ]
| Forrester just issued an insightful report on the increasing adoption
| of open source in the enterprise. The verdict? Open source is everywhere,
| and taking an ever-increasing piece of the enterprise pie
`----
http://weblog.infoworld.com/openresource/archives/2007/05/forrester_open_1.html
Open Source Slowly Gains Momentum on Wall Street
,----[ Quote ]
| Customers may be comfortable using Linux for infrastructure-type
| systems but less so for business software, said Monica Kumar,
| senior director of product manager for Linux and open-source
| software at Oracle.
`----
http://www.adtmag.com/article.aspx?id=20569
Linux Crossing Threshold to Real Mission Critical Computing
,----[ Quote ]
| ...Linux developers are steadily chipping away at the most
| significant functional gaps that limited its suitability for
| these workloads in the past, allowing it to progress far beyond the
| "edge of network" domain where it has traditionally thrived. The
| impressive wins by Novell and Red Hat prove that user perceptions
| about Linux's limitations are gradually crumbling as well.
`----
http://ideasint.blogs.com/ideasinsights/2007/04/linux_crossing_.html
Linux goes to Wall Street, puts on a show
,----[ Quote ]
| "The Financial Services firms are leading the enterprise adoption of
| open source technology, including Linux," says Zachary. "By watching
| the consumption patterns of these firms, open source vendors can
| gain a good understanding of the types of products and services
| that are commercially viable.
|
| [...]
|
| "We see a growing role for open source software beyond Linux in
| financial services companies and that's why many companies are
| expanding the governance policies and procedures around using
| open source software."
`----
http://community.linux.com/article.pl?sid=07/04/22/1310216&from=rss
Next Gen, Mission-Critical Apps To Be Deployed on Linux Says Report
,----[ Quote ]
| By now it should be obvious to even the most casual industry observers
| that Linux operating systems - and open source-based software in general -
| have reached critical marketplace mass. Recent Linux deals and
| announcements by Oracle and Microsoft have only reinforced the "open
| source is enterprise-grade" message that IBM, Unisys and other "Master
| Brand" hardware, software and services vendors have been preaching for
| years. In short, open source, especially Linux, is becoming "legitimized"
| by the major vendors for enterprise environments, and user executives
| are more than happy to believe them.
`----
http://www.linuxelectrons.com/News/RoundUp/Next_Gen_MissionCritical_Apps_To_Be_Deployed_on_Linux_Says_Report
CIO study finds Linux ready for prime-time
,----[ Quote ]
| The company predicts a steep rise: only 18 percent of businesses
| will be using Linux in business-critical roles by the end of 2007.
|
| "Linux operating systems - and open source-based software in general
| - have reached critical marketplace mass," said the study's authors,
| Bruce Guptill and Bill McNee of Saugatuck Research.
`----
http://www.techworld.com/opsys/news/index.cfm?RSS&NewsID=7681
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