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LSE Halts

101 pointsby ashishb4uabout 14 years ago
http://online.wsj.com/article/SB10001424052748704150604576165753761876730.html?mod=googlenews_wsj

10 comments

ig1about 14 years ago
The problem is that the LSE can't hire top tier talent. There are plenty of people who are experts in building hugely concurrent and fail-safe exchange software, and they pretty much all work for investment banks.<p>The LSE can't afford to compete with $1000/day salaries so they end up hiring second-tier developers. And unfortunately second-tier developers are a lot lot worse than first-tier developers.
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famoreiraabout 14 years ago
Does anyone know if this halt is related to the recent switch over to the new Linux based platform? (<a href="http://news.ycombinator.com/item?id=686116" rel="nofollow">http://news.ycombinator.com/item?id=686116</a>)
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mtkdabout 14 years ago
"And as a final note, solely for the seriously nerdy techies, there's been some talk about the failure being due to F# error."<p><a href="http://ftalphaville.ft.com/marketslive/" rel="nofollow">http://ftalphaville.ft.com/marketslive/</a>
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timrobinsonabout 14 years ago
"Continuous trading has now resumed in all order driven trading services."
aleccoabout 14 years ago
Sri Lanka? <a href="http://uk.reuters.com/article/2009/09/16/uk-lse-it-sb-idUKTRE58F4TC20090916" rel="nofollow">http://uk.reuters.com/article/2009/09/16/uk-lse-it-sb-idUKTR...</a> (via /B @ftalphaville comments)
ashishb4uabout 14 years ago
Nothing official yet. (<a href="http://www.ft.com/cms/s/0/9bf8033a-40bb-11e0-9a37-00144feabdc0.html?ftcamp=rss#axzz1ExjV27Jt" rel="nofollow">http://www.ft.com/cms/s/0/9bf8033a-40bb-11e0-9a37-00144feabd...</a>)
aleccoabout 14 years ago
What if all these systems were open sourced? Including all the load tests.
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tpatkeabout 14 years ago
Where is the fail over? If ever a system needed 99.9999...
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drstrangevibesabout 14 years ago
this is the official place for updates, although its not very responsive at the moment,probably due to load <a href="http://liveservice.londonstockexchangegroup.com/en/incidents/active/lse" rel="nofollow">http://liveservice.londonstockexchangegroup.com/en/incidents...</a>
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JonnieCacheabout 14 years ago
I wonder if it's HFT related? A group of rogue algorithms gone exponential? There are certainly people worried about that...
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