Why Is The London Stock Exchange in the News So Much?

I wrote about the London Stock Exchange’s move from a consultant-built, .NET, SQL Server solution to an acquired, Linux-based, Oracle solution a year and a half ago. At the time I dismissed the “magic sauce” proclamations so many were preemptively making.

Magic sauce isn’t so magical. The London Stock Exchange continues to have embarrassing, very public technology problems with shocking regularity. What is it about that exchange that this happens so frequently while so many other exchanges operate without the drama?

The LSE recently bid to essentially take over the TSX (they call it a merger, but that is a farce). For a wide variety of reasons that shouldn’t be allowed to happen, this being yet another factor why it shouldn’t come to pass.