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28 October 2010, 09:25

Linux boosts Stock Exchange trading speeds

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As reported by Computerworld UK, the London Stock Exchange (LSE) has announced that its new Linux based system will achieve world record breaking trading speeds. If scheduled dress rehearsals go well and LSE's customers are able to integrate their systems successfully, the exchange is due to switch over from current Microsoft .NET technology to the new Linux system on the 1st of November. Recent tests at the LSE have reportedly gone very smoothly and any problems found are usually with customers systems.

The claimed record breaking average trading latency time of 126 microseconds was achieved on the Turquoise Trading Platform, the LSE's dark pool anonymous trading venue. This smaller network had already transitioned to Linux over two weeks ago.

In the past trading speed and reliability had been problematic for the LSE, often trading latency had extended past several hundred microseconds and this had attracted some criticism. With automated trading on the rise very fast response times are becoming crucial to the markets. While the older and more traditional exchanges are considered slow at 300 to 400 microseconds, LSE rivals BATS Europe and Chi-X run at 250 and 175 microseconds.

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