Linked by Thom Holwerda on Thu 21st Oct 2010 22:28 UTC, submitted by tux68
Linux "The London Stock Exchange has said its new Linux-based system is delivering world record networking speed, with 126 microsecond trading times. The news comes ahead a major Linux-based switchover in twelve days, during which the open source system will replace Microsoft .Net technology on the group’s main stock exchange. The LSE had long been criticised on speed and reliability, grappling with trading speeds of several hundred microseconds. The record breaking times were measured on the LSE’s Turquoise smaller dark pool trading venue, where trades are conducted anonymously. That network switched over to Linux from Cinnober technology two weeks ago. Speed is crucial as more firms trade automatically at lightning speed, using advanced algorithms."
Permalink for comment 446904
To read all comments associated with this story, please click here.
rexstuff
Member since:
2007-04-06

Sorry, but there just isn't a scam here. The supposed problem, 'front running', requires that an exchange be willing to sell information about pending orders; clearly stated in the Wikipedia article and even admitted on 'Web of Debt', this is a practice that most major exchanges do not allow.

Also, you need to be more skeptical of what you read online, or just find better sources. 'Web of Debt' in particular is lacking credibility. It quotes anonymous sources and people named 'Tyler Durden', uses ad-hominems and describes itself as revealing 'the shocking truth' and that is 'eye-opening'. It's like the National Enquirer of financial news.

Reply Parent Score: 2