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London Stock Exchange Finishes Switch To Linux
DMandPenfold writes "The London Stock Exchange has successfully set into live trading a new matching engine based on Novell SUSE Linux technology, following successful last-step setup procedures on Saturday. The move has been billed as one of the LSE's most significant technological developments since the increasing prevalence of electronic trading led to the closure of the traditional exchange floor in 1986. LSE chief executive Xavier Rolet has insisted that the exchange, once a monopoly, will deliver record speed and stable trading in order to fight back against the fast erosion of its dominant marketshare by specialist electronic rivals."
It sucks money out of the stock market.
Fans of it will say it provides 'increased liquidity'.
Me, I say, it sucks monkey out of the stock market. If it didn't the HFT people wouldn't bother doing it. The money comes from somewhere, and that somewhere is other investors. If it *doesn't* come from somewhere then creating it means there's more money and it comes from everyone via inflation.
That's my take. May be wrong, may be dense, but that's my take. Me, I'd scale back the whole thing massively because I still haven't had anyone explain adequately to me how, after they've gone public, the company's stock market valuation matters (to the company) for anything at all, except for perhaps their ability to rack up debt.
Still, Microsoft was heavily involved on every levels of the project. If Microsoft cant make .net / MSSQL work and design it right, who can?
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