London Stock Exchange smashes world record trade speed with Linux

Posted by Penguin on Oct 20, 2010 10:34 AM EDT
Computerworld UK; By Leo King 		Mail this story
Print this story

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.

Full Story

  Nav
» Read more about: Story Type: News Story

« Return to the newswire homepage

Subject Topic Starter Replies Views Last Post
LSE Linux system at forefront of proposed Toronto merger henke54 0 1,617 Feb 9, 2011 7:50 AM
Yeah, the Wallstreet 'gang' smells money in linux... henke54 11 1,744 Oct 21, 2010 9:09 PM
It will be interesting to see how microsoft spins this herzeleid 2 1,630 Oct 21, 2010 8:49 PM

You cannot post until you login.