Linux trading system to save London Stock Exchange £10m a year

The London Stock Exchange has said its new open source-based trading system will save it at least £10 million annually, as well as driving new business.

Millennium Exchange, a Linux and Sun Solaris Unix-based platform, which uses Oracle databases, is being rolled out across all of the LSE’s electronic trading systems, replacing the slower TradElect platform, which is Microsoft .Net based. TradElect had suffered a series of high-profile outages and will be replaced by Millennium Exchange in stages from September.

Read more at ComputerWorld

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