Archive for the ‘Corporate News’ Category

How Linux is going to save London Stock Exchange £10m a year

Tuesday, May 25th, 2010

The London Stock Exchange will be rolling out a new trading system in stages starting from September 2010.

This new system, Millennium Exchange, uses a combination of Linux with Oracle databases, will replace the existing “TradeElect” Microsoft’s .NET and SQL systems.

According to sources, the existing system suffered countless outages and failures which resulted in many embarassment to the LSE. The new Linux/Oracle system is said to be faster than the current Microsoft solution.

Another win for Linux!

Source : ComputerworldUK: Linux trading system to save London Stock Exchange £10m a year.

SGLNX firmly believes that if Linux is good enough
for a nation’s stock exchange,

It should be competent and secure enough for
any desktop user to use it as their main operating system.

Shuttleworth Steps Down As Canonical CEO

Friday, December 18th, 2009

Will Canonical be in good hands of the new CEO after Mark Shuttleworth?

Source :OSDIR: Shuttleworth Steps Down As Canonical CEO.