Bonum Certa Men Certa

LSE Must Hurry up Migrating to GNU/Linux (Windows Has Just Crashed Again)

Reliable times  FUD fail



Summary: The trading system in London suffered another major crash this morning and a permanent GNU/Linux replacement is on its way

THE WINDOWS-BASED London Stock Exchange (LSE) has been a total catastrophe not only to London but also to Microsoft's case study against GNU/Linux. The very same "poster child" Microsoft was bragging about in its smears against GNU/Linux is going to move to GNU/Linux, having abandoned the entire Microsoft stack (following repeated failures [1, 2]).



A report that has arrived just now (several readers alerted us about it) says that LSE went down again. From the BBC:

Trading on the London Stock Exchange (LSE) has been brought to a halt by technical difficulties.


From IDG (UK):

Technical problems led to the suspension of trading in some FTSE 100 stocks on the London Stock Exchange this morning.

[...]

Last month, the LSE announced it will acquire Sri Lankan trading firm Millennium IT for €£18 million, replacing its Accenture built, Microsoft .Net-based TradElect platform. The new platform is understood to be based on Linux.


Interestingly enough, it was only one day ago that the very same publication released a report titled "London Stock Exchange takes €£20m hit on almost redundant TradElect platform"

As this article clearly shows, the transition to GNU/Linux has not occurred yet.

The often troubled TradElect system remains five times slower than rivals' reported speeds. It was upgraded in 2008 by Accenture at a cost of €£40 million, is based around Microsoft .Net architecture and runs on HP ProLiant servers with Cisco networking technology.

It is due to be replaced at the end of next year by an open source based platform built by MillenniumIT, which the LSE acquired in September for €£18 million.

[...]

The system is aimed at saving the LSE over €£10 million a year from 2012. It will also bring in-house the LSE’s software development, provide “dedicated research and development support”, and offer new revenue streams by selling technology to other financial markets.

Profits at the stock exchange tumbled for the six months by 37 percent to €£79 million. The exchange reiterated that it hopes an ongoing cost cutting exercise and management restructure will save it over €£11 million a year.


The LSE must be relieved this time around because in spite of today's downtime, it is aware that haven is in sight. That haven is GNU/Linux and Free software. A lot of the world uses exactly that for trading platforms and Microsoft's experiment in London failed badly and relatively quickly. The natural conclusion is that Microsoft is not suitable for mission-critical systems.

"Every time you use Google, you're using a machine running the Linux kernel."

--Chris DiBona, Google



Crowd outside NYSE
A solemn crowd gathers outside the
Stock Exchange after the crash (1929)

Comments

Recent Techrights' Posts

12 Hours Ago The Register MS Published a Fake (Paid-for) Article, But This One for a Change Did Not Promote a Ponzi Scheme
There are also Free software alternatives, but they don't pay The Register MS for "synthetic" so-called 'journalism'
This New Determination on a Case Echoes the Modus Operandi of Microsoft's Serial Strangler vs Techrights (Its Online Decision/Judgment Says Truth and Public Interest Defend the Publisher)
Noel Anthony Clarke hopefully has enough money left to pay his victims, which include the publishers
 
Microsoft Windows Fell to All-Time Lows in Egypt This Summer, Vista 11 Adoption Decreases While GNU/Linux Increases
Vista 11 is going down rather than up
Links 27/08/2025: Microsoft Demoralises Staff With Slop Demands, Leaving Mastodon Explained
Links for the day
More People Need to Call Out and Put a Stop to Serial Sloppers
Unless slopfarms are stopped, people will read and share Microsoft propaganda made by chatbots
Gemini Links 27/08/2025: Headphones and Tartarus
Links for the day
Morale at Microsoft is Terrible (Proprietary Plagiarism Machines Have No Future, LLM Slop is a Bubble)
The slop sceptics/critics are going to have lots of "told you so" moments
GNOME "governance issues, staff reduction, etc." amidst Albanian whistleblowing and women trafficking
Notice the connection to Software Freedom Conservancy (SFC) and GNOME
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Tuesday, August 26, 2025
IRC logs for Tuesday, August 26, 2025
Richard Stallman (RMS) Was Right About "Sideloading" in 1996
We now have computers that treat booting GNU/Linux like an act of "Sideloading"
Panama: Windows Down From 97% "Market Share" to Less Than 30%
In 2009, Windows was measured at 97.24% (compared to 62.32% right now or less than 30% if one also counts Android)
The UEFI 9/11 - Part I - Introduction to Impending Catastrophe (Microsoft Preventing People From Booting Non-Windows Systems)
eight-part series
Why Techrights is Slow Today (Bot Floods)
We don't know if those bots are connected to LLMs (we have not checked), but that is a possibility
Slopwatch: DDoS Slop, LinuxBSDos.com Spam, and Slopfarms in Google News, Including webpronews.com
Among the news we also found fakes, albeit not so much today
Links 26/08/2025: "Ballooning Debt" in France and "Transnational Repression in the UK"
Links for the day
Gemini Links 26/08/2025: Listening to Alcest and Google Doing Evil (Users Installing Software is "Sideloading" and Prohibited)
Links for the day
Links 26/08/2025: DNS Tampering and TikTok Layoffs
Links for the day
Microsoft's Windows "Market Share" Overestimated
Microsoft's income sources are shrinking
We Shall See...
My wife and I are hardly the first victims of Brett Wilson LLP
Going Offline
There was life before the Net
The Register MS Has Apparently Shut Down Its Office
It is basically a fake address on the face of it
There Are Also Expectations of IBM Layoffs Very Soon With "Narrative Control."
Some of them mention Red Hat and how IBM failed to achieve anything substantial with that acquisition
After at Least Two Rounds of Mass Layoffs in August Microsoft Said to Have "September Layoff Confirmed - Performance Based"
Those "M5 level meetings" sound plausible
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Monday, August 25, 2025
IRC logs for Monday, August 25, 2025
Slopwatch: Slopfarms All Over Google News and Real News Sites Pushed Out of Visibility
Google News is dying (as a tool of value)
Gemini Links 25/08/2025: Numeric-only VM and Alhena 5.3.0
Links for the day
Links 25/08/2025: ‘Panama Playlists’ and Live Nation/Ticketmaster Suit Aims at Class Action
Links for the day
Gemini Links 25/08/2025: Empathy Towards Autistic People and Old Gadgets
Links for the day
Links 25/08/2025: Datacentres Versus Water Supplies and "The IPv6 Divide"
Links for the day
Links 25/08/2025: Data Breaches, Politics, and Financial Strain
Links for the day
GNU/Linux Distros Ought to Replace Firefox (and Firefox ESR) With Something Like LibreWolf
Perhaps it's come to replace Firefox
Father of Julian Assange Said the US Government Was Trying to Bankrupt WikiLeaks, Now the Assange Family Promotes Fake Currencies
Using the name for bad purposes?
Bailing Out GAFAM, Giving Taxpayers' Money to Failing Companies, and Trying to Outlaw Lawsuits Against Them
What would the late Lincoln have said?
Software Freedom Conservancy (SFC) Inc. Lost 2 Million Dollars Last Year and Its Chief Took a Salary Increase of Almost $6,000
Another year or two like this... and the SFC will be bankrupt [...] Hallmark of mismanagement
The "New Techrights" Turns Two Very Soon
Accomplishing something each year is what's important, not merely "finishing" another year
Gulf Nations Leave Microsoft Behind
How much lower will Microsoft stoop in an effort to raise money from oil-rich lenders?
How to Combat IRC Trolls (in Our Experience)
Today I want to share my experience (or knowledge) of how to deal with IRC trolls
The Register MS Needs to Stop Participating in the "Hey Hi" (AI) Hype, But It Gets Paid to Participate in This Hype
the publisher (The Register MS) wants to have it both ways
Gemini Links 24/08/2025: Living With Your Parents, Zürich Zoo, and Macondo
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Sunday, August 24, 2025
IRC logs for Sunday, August 24, 2025