London Stock Exchange smashes world record trade speed with Linux

#1

Post by dreemteem » Wed, Oct 20, 2010, 10:58 AM UTC

London Stock Exchange smashes world record trade speed with Linux
computerworlduk.com

Re: London Stock Exchange smashes world record trade speed with Linux

#2

Post by whatajoke » Wed, Oct 20, 2010, 11:35 AM UTC

Is this the same system that replaced the failed Microsoft platform? http://blogs.computerworld.com/london_stock_exchange_to_aban...

Microsoft had run huge ads on how LSE was using .NET and Windows in critical financial applications. Within a year LSE had suffered crashes in the same critical areas.

Re: London Stock Exchange smashes world record trade speed with Linux

#3

Post by nervechannel » Wed, Oct 20, 2010, 11:47 AM UTC

Normally I'd thoroughly welcome any news of large Linux-based systems replacing slower MS-based ones, but in this case...

... these days I can't help thinking "is faster really a good idea?"

Re: London Stock Exchange smashes world record trade speed with Linux

#4

Post by JoachimSchipper » Wed, Oct 20, 2010, 11:58 AM UTC

whatajoke wrote: post #2

Is this the same system that replaced the failed Microsoft platform? http://blogs.computerworld.com/london_stock_exchange_to_aban... Microsoft had run huge ads on how LSE was using .NET and Windows in critical financial applications. Within a year LSE had suffered crashes in the same critical areas.

I believe so, yes.

In fairness, though, it may not have been MS' fault - crappy programming is crappy, no matter the underlying OS. And Linux fanboys should wait to see if the new system has roll-out issues...

Re: London Stock Exchange smashes world record trade speed with Linux

#5

Post by known » Wed, Oct 20, 2010, 11:59 AM UTC

whatajoke wrote: post #2

Is this the same system that replaced the failed Microsoft platform? http://blogs.computerworld.com/london_stock_exchange_to_aban... Microsoft had run huge ads on how LSE was using .NET and Windows in critical financial applications. Within a year LSE had suffered crashes in the same critical areas.

Yes. The Linux version is developed at http://www.milleniumit.com/media_room/gui-press_releases.php

Re: London Stock Exchange smashes world record trade speed with Linux

#6

Post by lrm242 » Wed, Oct 20, 2010, 12:04 PM UTC

World record? Not quite. Let's see full details on the numbers. NASDAQ publishes their latency numbers weekly, including average, 99th percentile, and 99.9th percentile: http://www.nasdaqtrader.com/trader.aspx?id=inet. Their average latency on order entry is 98 microseconds and their average latency on market data is 92 microseconds. Perhaps by "world record" they mean "european record".

Re: London Stock Exchange smashes world record trade speed with Linux

#7

Post by nozepas » Wed, Oct 20, 2010, 12:04 PM UTC

I'm sure they will notice much more benefits than just improved trading times.

For example: improved infraestructure management, overall performance increase, fast patches for security bugs, and a long etcetera.

Of course, as JoachimSchipper says, if the applications on top of the OS ar crap, a different OS won't solve the problem, but to have a good underlying OS is a good start.

Re: London Stock Exchange smashes world record trade speed with Linux

#8

Post by nodata » Wed, Oct 20, 2010, 12:08 PM UTC

JoachimSchipper wrote: post #4

whatajoke wrote: post #2

Is this the same system that replaced the failed Microsoft platform? http://blogs.computerworld.com/london_stock_exchange_to_aban... Microsoft had run huge ads on how LSE was using .NET and Windows in critical financial applications. Within a year LSE had suffered crashes in the same critical areas.

I believe so, yes. In fairness, though, it may not have been MS' fault - crappy programming is crappy, no matter the underlying OS. And Linux fanboys should wait to see if the new system has roll-out issues...

If I remember correctly, the LSE brought in Microsoft themselves to fix the problems. And Microsoft couldn't.

Re: London Stock Exchange smashes world record trade speed with Linux

#9

Post by munchhausen » Wed, Oct 20, 2010, 12:11 PM UTC

known wrote: post #5

whatajoke wrote: post #2

Is this the same system that replaced the failed Microsoft platform? http://blogs.computerworld.com/london_stock_exchange_to_aban... Microsoft had run huge ads on how LSE was using .NET and Windows in critical financial applications. Within a year LSE had suffered crashes in the same critical areas.

Yes. The Linux version is developed at http://www.milleniumit.com/media_room/gui-press_releases.php

> Yes. The Linux version is developed at http://www.milleniumit.com/media_room/gui-press_releases.php

Can you elaborate on this? Are they developing a fork of the Linux kernel? A new Linux distro? Or could it be that they are developing the trading "platform", using a commodity Linux distro?

Re: London Stock Exchange smashes world record trade speed with Linux

#10

Post by gaius » Wed, Oct 20, 2010, 12:13 PM UTC

JoachimSchipper wrote: post #4

whatajoke wrote: post #2

Is this the same system that replaced the failed Microsoft platform? http://blogs.computerworld.com/london_stock_exchange_to_aban... Microsoft had run huge ads on how LSE was using .NET and Windows in critical financial applications. Within a year LSE had suffered crashes in the same critical areas.

I believe so, yes. In fairness, though, it may not have been MS' fault - crappy programming is crappy, no matter the underlying OS. And Linux fanboys should wait to see if the new system has roll-out issues...

Agreed, Accenture code can make any OS slow.