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Open Source Makes Big Gains at the London Stock Exchange

 
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kamrananvaar
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Joined: Tue Feb 21, 2006 8:25 am
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PostPosted: Wed Oct 07, 2009 2:13 pm    Post subject: Open Source Makes Big Gains at the London Stock Exchange Reply with quote

the LSE is not just moving from one application to another, but from running someone else's software to running its own, by buying a company that makes it. One reason: it's massively cheaper:
http://www.computerworlduk.com/community/blogs/index.cfm?RSS&entryid=2568
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towy71
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Joined: Wed Apr 06, 2005 3:11 pm
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Location: wild West Wales

PostPosted: Wed Oct 07, 2009 3:58 pm    Post subject: Reply with quote

That looks all good to me Very Happy not only does GNU/Linux get a big boost but Microparp gets a bloody nose too Laughing Laughing Laughing
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johnhudson
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Joined: Wed Aug 03, 2005 2:37 pm
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PostPosted: Thu Oct 08, 2009 8:19 am    Post subject: Reply with quote

That's an interesting spin. The background is the massive outage a year ago which lost its members billions of pounds. LSE is now playing catch-up with all the other stock exchanges that moved to open source some years ago. But do you need to own a company to deploy open source? I think not.
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guy
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PostPosted: Sat Oct 10, 2009 5:42 pm    Post subject: Reply with quote

LSE have been exceedingly hacked off by the "other priorities" their proprietary suppliers showed when it came to routine support, bugfixes and upgrades. Writing their own software should in future ensure a client-focused priority from the developers.

I guess that if you intend to be the major code contributor from here on in, you might as well hire the coding team, managers and offices all in one lump - the trademark is just a bonus freebie.

LSE also provide and/or support systems similar to their own, at a few other stock exchanges. Owning the suppler will no doubt help LSE to extend their client base and provide client-focused support to these guys too. No harm in growing a profitable business and making money where you can. eh? Nor in picking your competitors' brains for new ideas.

My only worry is whether LSE understand how heavily the quality of their new software depends on the free software culture, and how the developer base would slowly rot if they tried introducing proprietary licensing into the mix.
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johnhudson
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PostPosted: Sat Oct 10, 2009 7:24 pm    Post subject: Reply with quote

Would you buy a system from a Stock Exchange that has so calamitously failed to manage its own systems when there are half a dozen other stock exchanges who had the good sense to go open source several years ago?

As the insurance companies say, 'Past performance is no guarantee of future performance' but what would persuade you to entrust your savings to a poorly performing company?
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guy
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PostPosted: Sun Oct 11, 2009 8:14 pm    Post subject: Reply with quote

johnhudson wrote:
Would you buy a system from a Stock Exchange that has so calamitously failed to manage its own systems when there are half a dozen other stock exchanges who had the good sense to go open source several years ago?

As the insurance companies say, 'Past performance is no guarantee of future performance' but what would persuade you to entrust your savings to a poorly performing company?

A sudden improvement in performance, following a well-publicised takeover of a known successful platform that you may already be considering (or even using)?
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