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Report: London Stock Exchange will Move to Linux

Article Source The H
October 5, 2009, 8:57 am

According to a report by International Banking Systems Journal, the London Stock Exchange has confirmed that it is replacing its existing Microsoft .NET based TradElect system, supplied and supported by Accenture, with a Linux based system from MillenniumIT. The Sri Lankan company MillenniumIT has been purchased by the LSE for $30M and is core to the LSE's plans. David Lester, director of information and technology at the LSE says "The new technology is a lot lighter, nimbler and easier to install"...

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