“The exchange is pressing ahead with the start date of 1 November, but if customers – the trading firms – are not ready or any major technical difficulties are experienced, a contingency go-live date of 15 November has been set.
Until then, the exchange will continue to work with the outgoing TradElect system, based on Microsoft .Net architecture and updated by Accenture in 2008 for £40 million. In July, it booked £25.3 million depreciation costs on TradElect.”
That’s it folks, finally a business sees M$ as a liability. Amen.
Talk about price/performance. The software they will be using cost so little, the LSE bought the company and will be selling the product. They expect to get 8 transactions to the millisecond. Amen. Because the software will be working for them and not M$, they should have much better reliability, too.