Trading System Failure at LSE

Two years back, The London Stock Exchange(LSE) had moved to a new Windows based trading platform, Christened TradElect, which took four years to design and develop.

In September 2008, the trading system has failed causing system outage for almost the entire trading day. Although, no official word has come from LSE, the general perception is that Windows technologies (including the Windows OS, .NET and SQL Server DB) was not scaling up to the availability and performance requirement of mission critical application of the world’s third largest exchange. Since then, LSE has replaced its CEO. The new CEO has recently announced that LSE would decommission and replace the TradElect with a brand new Linux based trading system.

It’s goes to further emphasize the importance of proper solution/technology due-diligence for mission critical applications to minimize the risk of future catastrophic failures.

London Stock Exchange crippled by system outage

London Stock Exchange to abandon failed Windows platform

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© Dhandapani Ammasai, 2011. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given with appropriate and specific direction to the original content.

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