back to article London Stock Exchange investigates IT 'sabotage'

The London Stock Exchange is investigating a suspected sabotage after a trading platform was crippled for two hours. The outage hit the Turquoise system yesterday. "Investigations... have revealed that human error was to blame for the disruption that began at 0823am this morning," the LSE said in a statement. "Preliminary …


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  1. Anonymous Coward

    Knowing what I know about the way LSE IT works

    I'd be inclined to the view that it was more to do with incompetence than sabotage.

    1. Anonymous Coward


      ...there was an exodus of operational staff not too long ago as MIT started to take over functions and from what I hear the last two issues have been due to staff incompetence - could be internal spin. I suspect the LSE needs a scapegoat to postpone the main market migration, as they were never going to be ready, knowing MIT with their partner IBM have struggled quite badly to get where they are now and I suspect not even the LSE knows what MIT are actually implementing. TQ MIT platform has now had 2 outages since go live - first was a "network issue" a likely story and now "sabotage". Hmm...the last time I heard network issue as a reason was when Tradelect went live, which ended up being a really badly coded stored procedure amongst other issues with code.

      To be fair to the LSE they have been aggresive in trying to get on top of their trading system performance at a reasonable cost and streamlinig the LSE fullstop - gone are the days of partners (erm Accenture) charging £80million for a trading system. Now they just have cheaper labour out of Sri Lanka (although adding IBM as a partner will be Accenture all over again just MIT manage them not the LSE), probably the same mess mind you. The LSE will get through this but expect a main market migration towards the end of Q1 next year together with a couple of outages soon after go live as is the norm.

      What are the odds the markets have a field day in shorting LSE stock again;-) I would if I gambled.

      1. Chris007

        Escape goats

        Had a manager send an email out, after a production outage, saying that he wasn't looking for any escape goats.....

    2. Graham Marsden
      Thumb Up

      See Hanlon's Razor for more details...

      "Never attribute to malice that which is adequately explained by stupidity."

  2. Peter Simpson 1
    Jobs Horns

    Where was the Microsoft rep?

    Isn't the new platform run on Linux?

  3. pan2008


    So my earlier posts on the subject were correct when I suggested that people stop trimphilising for linux for a migration that hasn’t happened yet, is behind schedule but does make economic sense as they bought the company for 15m when they were paying more per year to Accenture. Turquoise failed before in October, so 2 failures in 1 months doesn’t look great, so 2 failures in 5 years for the old system wasn’t that bad. Lets see if and when the new main system goes live and how it will perform. I am sure there is more to blame on shoddy implementations than platforms being Windows or linux. Jury is out on the decision to move. What I had absolutely no doubt is that SQL Server can run the LSE and that’s with the 2000 version.

    1. frank ly


      What does the verb 'trimphilise' mean? I can't find it in a dictionary.

      1. pan2008

        @frank ly

        Sorry it is a word I made up but badly. I meant triumphilising, i.e talking about triumph. Can I claim the word now?

      2. Anonymous Coward
        Black Helicopters

        time will tell.....

        wouldn't it be ironic if it was defined as "something about bribery of LSE IT contractors by $dominant-OS-vendors" :)

  4. Anonymous Coward
    Anonymous Coward

    Since when has

    Sabotage been same as human error?

    1. Wommit
      Paris Hilton

      It's always human error

      until you get proof.

  5. Anomalous Cowturd

    So let me get this straight...

    The first day after a major migration to a new network, and the first time it is put under any load, it all goes T.U. and the powers that be have announced possible sabotage.

    Did it involve an RJ45 plug not meeting up with it's female friend?

    Did they even test it before they all buggered off home on Sunday?

    1. Anonymous Coward
      Anonymous Coward


      If it hadn't been put under load before the implementation day, there's a serious problem with the implementaion.

      1. Anonymous Coward
        IT Angle

        In my experience...

        ...there's *always* a serious problem with implementations. Something to do with most of the decisions being made by managers who have no understanding of technicalities, or even reality. (One firm's decision to roll out a new logging system at a huge call centre ON THE 1ST OF JANUARY, at time 00:00:01, is just one example that springs to mind.)

        IT ? They've *heard* of it.

  6. Kebabbert

    Bad reputation

    LSE should quickly get their Exchange infrastructure done and competetive. As of now, they have a bad reputation.

  7. Anonymous Coward
    Anonymous Coward


    They should never have removed the BBC Micros.

  8. Matt Bryant Silver badge

    Testing, testing.... Oops!

    Not so long ago, a company gave us a case study regarding their superduper, low-latency software and clustered hardware bundle. We took a look and decided it was too fun not to play with it, but we asked to visit the case study, another City-based company. To avoid further embarrassment we'll just call them Compnay X. The Head of IT at Company X was only too happy to show us around and let us see the hardware (commercial blades), but I wasn't convinced by the wonderful mesh design they had, for "enhanced redundancy". The HoIT at Company X said that it had been "fully tested" and to prove it he pulled a cable out of the chassis running the trading app cluster - and lost the whole trading floor! Moral of the story - there's testing and then there's real testing, and problems missed during testing WILL hit you at the worst possible time in production!

    1. b 3


      quality, what d1ckheads!

    2. frank ly

      It happens a lot

      In the past, I've recommended cutting one main power feed to test a system that had two independent power feeds and dual redundant cross-linked battery backups. I was told that would not be acceptable since any problems would cause major inconvenience to ongoing systems integration work.

      When that happens, you either scream and climb the walls or you nod your head with a funny little smile on your face.

  9. NotaFanboi

    Why mention sabotage?

    It seems a bit mad to call this sabotage. It has everyone talking about the incident (including main stream newspapers) and focuses attention on the roll out. Unless of course this is the objective.


    I would be holding something shiny up as a distraction while working on a low profile problem-free roll out. Once it is all done then you shout from the roof tops about the really fast system you have just implemented.

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