Millennium bugs hit stock exchange
Crashing like it's 1999
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The London Stock Exchange suffered a second day of problems yesterday as its new trading platform struggled to function again.
On Tuesday the market failed to close correctly, causing confusion over closing prices for brokers and traders.
Yesterday the MillenniumIT system displayed zeroes against some bid and ask prices, according to City AM.
The low latency system is based on SUSE Linux Enterprise Server from Novell. It replaced a Microsoft.NET system built by Accenture. That system also had its share of problems.
Trading and news systems like Thomson Reuters which depend on LSE data apologised to customers for the outage.
TD Waterhouse told the FT: "Currently a technical issue between the LSE and one of our data providers is affecting stop loss orders on UK stocks. As an interim measure we have taken the decision to manage the existing orders on our book and stop taking new orders."
The exchange suffered a mysterious two-hour outage back in November when it switched over its Turquoise system to MillenniumIT. But that was blamed on "human error", which the exchange claimed was likely sabotage. ®
COMMENTS
Ok...
Obligatory comment:
I seem to recall loads of people slagging off Windows, when the previous system was having problems, saying how Windows should never be used for mission critical etc. etc. etc. Now I presume that we'll see similar people saying the same about Linux...
In reality, hows about this:
Both OSes are perfectly capable of running high up time/high load systems provided:
1) The software is designed and written properly
2) The OS builds are competently designed and implemented
3) The infrastructure is designed and implemented properly
4) The operators are competent
And finally as a tedious PS, to show I've not left anyone out:
Why aren't they using mainframe?
let's shut it down for a week or two
see if we can't get on with our lives without worrying about money every second of the day.
maybe people would even find the time to be happy again.
Re: Yeah, the problem is money
I said shut the stock exchange down for a fortnight, not ban money forever and retrospectively so as to remove all toilets too.
Maybe you need to consider the subtle but enormous difference between what I wrote, and what you think I wrote.
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