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."
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Long live the Linux server!
by obsidian on Fri 22nd Oct 2010 00:00 UTC
obsidian
Member since:
2007-05-12

Well, if (as some believe) the Linux desktop is dead, then long live the Linux server!

Migrations like this are *great* to see. All the more so for being in such a high-profile "white-collar" environment where things Must Work(tm).

Interesting to see that the article mentions that "Linux is now standard in many exchanges."

Given that Linux will be replacing Microsoft.Net, what puzzles me is how .Net got there in the first place. It's not a surprise to hear that the LSE have been criticised on "speed and reliability", given the environment they were using.

Edited 2010-10-22 00:15 UTC

Reply Score: 9

FishB8 Member since:
2006-01-16

The LSE has been the butt of a lot of jokes and criticism for quite some time because of their super crappy trading system. It was programmed mostly in C#, uses Microsoft SQL server 2000 (!!) for it's back end. It was designed with the claims that it would provide trades in under 10ms, a metric it never even came close to. Everybody hated it because it was dog-slow.

Almost 2 years ago it crashed and was down for 6.5 hours, which pretty much spelled it's doom.

Reply Parent Score: 7

bert64 Member since:
2007-04-23

A couple of years ago, when that system went in microsoft were running ads all over the place crowing how the london stock exchange chose windows over linux. Those ads promptly disappeared about the time when their system crashed and cost nearly a day's worth of trading.

Reply Parent Score: 8