The London Stock Exchange has entered into exclusive talks to buy Turquoise, the year old pan-European share trading platform that was developed using Agile methodology.
The news of a possible acquisition of Turquoise trading system, which was established by nine leading European investment banks as an alternative to stock exchanges, comes as the LSE embarks on a major technology drive to eliminate network messaging latency and overtake the speed of its dedicated e-trading rivals.
The LSE announced it will acquire Sri Lankan trading firm Millennium IT for £18 million, replacing its Accenture built, Microsoft .Net-based TradElect platform. The new platform is understood to be based on Linux.
– from computerworlduk.com