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London Stock Exchange reportedly to dump £40m platform

Dropping TradElect would be a dramatic about-face for the exchange, which had 
heavily promoted its ability to rival newer, dedicated electronic exchanges, 
and plumbed millions of pounds into doing so. It runs on HP ProLiant Servers 
and Microsoft .Net and SQL Server 2000 systems, and within a Cisco network 
architecture.    

http://computerworld.co.nz/news.nsf/news/59A7846C896BEA95CC2575E5007D8F33
What else is there to say? Microsoft is finished.
I'm off for a few days to mark the end of Microsoft ;-) ... back after July 4th.

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Furse should not resign, she should be sacked

Comment The farce of the London Stock Exchange not only crashing but failing to get its systems up and running again should surprise no one.
Well, no one except LSE boss Clara Furse, who demonstrates little understanding that technology is crucial to her business.
I’ve worked for members of the London Stock Exchange and everyone agrees she is world-class at corporate presentations, but the evidence that she can actually run things is rather harder to come by.
No one expects her to write FIX handlers, or optimise an order-matching engine, but her yes-men simply were not in the position to make any intelligent decisions on technology, if we look at the board of the LSE.
Do we see anything that even looks like experience in technology? No. We see three from the media, and of course accountancy, but no mention of technology.
To be sure, the CIO (not on the board) is ex-Accenture man David Lester. To a Reg reader, Accenture will be associated in the context of technology with the words “screw up”, “late”, and “over budget”. Clara Furse cannot be held responsible for problems with Cisco switches - one of the suggested culprits - but she is absolutely in the frame for the choice of senior management and strategic vendors.

http://www.theregister.co.uk/2008/09/13/furse_lse_comment/

London Stock Exchange in denial over system outage

The LSE absolved its core TradElect platform from blame. The system, designed and built by Accenture, runs on HP ProLiant Servers and Microsoft .Net and SQL Server 2000 systems. Accenture declined to comment on Monday's events. The LSE said, "we won't discuss dealings with our individual suppliers".
Bob McDowall, senior analyst at Tower Group, said sparse explanations provided by the LSE so far were “not very satisfactory”.

http://www.computerworlduk.com/management/it-business/it-organisation/news/index.cfm?newsid=10947

London Stock Exchange trading derailed by computer crash on frenzied day

Trading on the London Stock Exchange has been halted after a computer system failed on one of the most frantic days of trading so far this year.
FTSE 100: trading on the London Stock Exchange halted after computer systems failed
In an embarrassment for the LSE, the exchange said that no orders can be entered or executions of those trades occur. The LSE plans to bring back trading in a “controlled way’’, but couldn't say how long that will take.

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/09/08/bcnlse408.xml

London Stock Exchange blames outage on Infolect

The outage hit shortly before close of trading and forced the exchange to extend its closing auction by a hour and a half, from 4.30pm until 6pm. Even so it was reported that that some traders left for the day with trades unexecuted
Infolect was launched two years ago in place of the exchange’s London Market Information Link platform. It uses Microsoft .net technology and a SQL Server database

http://www.cio.co.uk/concern/security/news/index.cfm?articleid=2248&pagtype=allchantopdate

NYSE Euronext banks on Red Hat

If anyone out there persists in believing that Linux isn't ready for serious prime time, NYSE Euronext's dependence on Red Hat should finally lay that silly notion to rest. As announced, the New York Stock Exchange Euronext dumped its proprietary UNIX heritage (AIX, HP UX, Solaris) for the freedom, flexibility, and performance of Linux.

http://www.cnet.com/8301-13505_1-9942680-16.html?part=rss&tag=feed&subj=TheOpenRoad

Linux steps up to power NZ Stock Exchange

The New Zealand Stock Exchange is moving to a Linux platform for its settlement and clearing system, replacing its existing HP NonStop platform and applications in order to reduce cost and increase flexibility.

http://computerworld.co.nz/news.nsf/news/F586239BCCA7593FCC2573F00001488E

HP Linux servers bolster NYSE trading app

"We favor Linux for what we do. We don't want to be beholden to any one [hardware or software] supplier, even if it is very good. We want the freedom to be vendor-independent, so Linux was a good choice," said Rubinow.

http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1285921,00.html

Microsoft is the world's biggest cause of zombie remailers

In China, it would take about one and one-half years wages (for the average Chinese) to buy a legitimate copy of Windows Vista. If you could find it here.
Microsoft is the biggest cause of zombie remailers in the world, because they make noises, but do not do anything to address the real digital inequities in the world.

http://www.theinquirer.net/default.aspx?article=38202

Pump and dump spam comes to Europe

Earlier this month, the US Securities and Exchange Commission (SEC) had suspended trading in 35 companies that were found to be commonly referenced in pump-and-dump stock email campaigns.

http://www.theinquirer.net/default.aspx?article=38607

SEC goes after stock spammers, hackers

The SEC action to freeze the assets is the third filed in as many months involving market manipulation schemes conducted through online account intrusions. In the past the SEC has also taken action against individuals who allegedly broke into financial news Web sites or news release services.
[...]
"When spam clogs our mailboxes, it's annoying. When it rips off investors, it's illegal and destructive," SEC Chairman Christopher Cox said in a statement.

http://news.com.com/2100-7348_3-6165804.html?part=rss&tag=2547-1_3-0-20&subj=news

Problems found in an audit of Diebold tabulation records from an Ohio November 2006 election raise questions about whether the database got corrupted during the tabulation of election results...
The database is built from Microsoft's Jet database engine. The engine, according to Microsoft, is vulnerable to corruption when a lot of concurrent activity is happening with the database, such as what occurs on an election night [and Microsoft advises againt using Jet in a complex environment]...
The report mentions that election staff had trouble with the server crashing and freezing on election night....
The report notes that with punch card machines election officials used to be able to determine definitively if all ballots had been counted in the results....

http://blog.wired.com/27bstroke6/2007/04/diebold_vote_da.html

"Nineteen machines had 21 screen freezes or system crashes, producing a blue screen and messages about an "illegal operation" or a "fatal exception error."
"Especially with this blue-screen problem, you don't know whether it's the printer drivers, you don't know whether it's Diebold's own code or whether it's Windows,"

http://www.verifiedvotingfoundation.org/article.php?id=6257

Mainframe Linux at SHARE

Everyone is already using Linux somewhere, Elliott said, but there are still people who are afraid to put their mission-critical applications on it for fear that it is not robust enough.

http://www.linux.com/feature/118624

Open source and mission critical: The Linux application server landscape

In 2005, Michael Dortch, executive editor and director of IT infrastructure management strategies at the Robert Frances Group, penned a report comparing Linux application server total cost of ownership (TCO) with Microsoft's Windows and Sun Microsystems' Solaris. In that report, Linux won handily, prompting Dortch to recommend that all IT managers at least give the Linux application server a serious look for mission-critical data center tasks.
[...]
What a lot of our clients are finding today, however, is that, with Linux and open source application servers, the wisdom of the crowd has solved those standards-based problems. And because the management tools are freely available and malleable, they find that the big sell was "cheap and free" but is now "What will complete my processes faster?" Open source used to be inexpensive and free, but now IT is finding value [in it] because it's more responsive and responsive.

http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1264755,00.html?track=NL-825&ad=597846&asrc=EM_USC_1828806&uid=2087385

Forrester: Open source is everywhere, and increasingly used for mission-critical applications

Forrester just issued an insightful report on the increasing adoption of open source in the enterprise. The verdict? Open source is everywhere, and taking an ever-increasing piece of the enterprise pie

http://weblog.infoworld.com/openresource/archives/2007/05/forrester_open_1.html

Open Source Slowly Gains Momentum on Wall Street

Customers may be comfortable using Linux for infrastructure-type systems but less so for business software, said Monica Kumar, senior director of product manager for Linux and open-source software at Oracle.

http://www.adtmag.com/article.aspx?id=20569

Linux Crossing Threshold to Real Mission Critical Computing

...Linux developers are steadily chipping away at the most significant functional gaps that limited its suitability for these workloads in the past, allowing it to progress far beyond the "edge of network" domain where it has traditionally thrived. The impressive wins by Novell and Red Hat prove that user perceptions about Linux's limitations are gradually crumbling as well.

http://ideasint.blogs.com/ideasinsights/2007/04/linux_crossing_.html

Linux goes to Wall Street, puts on a show

"The Financial Services firms are leading the enterprise adoption of open source technology, including Linux," says Zachary. "By watching the consumption patterns of these firms, open source vendors can gain a good understanding of the types of products and services that are commercially viable.
[...]
"We see a growing role for open source software beyond Linux in financial services companies and that's why many companies are expanding the governance policies and procedures around using open source software."

http://community.linux.com/article.pl?sid=07/04/22/1310216&from=rss

Next Gen, Mission-Critical Apps To Be Deployed on Linux Says Report

By now it should be obvious to even the most casual industry observers that Linux operating systems - and open source-based software in general - have reached critical marketplace mass. Recent Linux deals and announcements by Oracle and Microsoft have only reinforced the "open source is enterprise-grade" message that IBM, Unisys and other "Master Brand" hardware, software and services vendors have been preaching for years. In short, open source, especially Linux, is becoming "legitimized" by the major vendors for enterprise environments, and user executives are more than happy to believe them.

http://www.linuxelectrons.com/News/RoundUp/Next_Gen_MissionCritical_Apps_To_Be_Deployed_on_Linux_Says_Report

CIO study finds Linux ready for prime-time

The company predicts a steep rise: only 18 percent of businesses will be using Linux in business-critical roles by the end of 2007.
"Linux operating systems - and open source-based software in general - have reached critical marketplace mass," said the study's authors, Bruce Guptill and Bill McNee of Saugatuck Research.

http://www.techworld.com/opsys/news/index.cfm?RSS&NewsID=7681 [[category:200907_.net]] [[category:200907_cisco]] [[category:200907_cisco]] [[category:200907_.net]] [[category:200907_.net]] [[category:200907_novell]]
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