London Stock Exchange hires 81 C++ developers for delayed Linux system

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The London Stock Exchange has hired 81 open source software staff for the development of the delayed Linux-based system being implemented on its cash markets.

The developers on the new system will work in a C++ environment, on which the new Millennium Exchange Linux matching engine will operate. Some development is also being conducted "externally", the LSE said, referring to staff at the platform's original base in Sri Lanka. The LSE is replacing a Microsoft .Net environment.

The migration, which would have gone live this week, was brought to a halt on 3 November after what the LSE termed as “suspicious” circumstances in which its Turquoise dark pool trading venue – which already runs the system - went down for two hours. The Financial Services Authority and police are investigating the incident, and it is understood an IT contractor has been suspended.

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