LSE Group boosts technology headcount with new hires

The London Stock Exchange Group has hired 81 staff for its trading technology wing.

On Thursday the London Stock Exchange Group (LSEG) made its interim results announcement. It said that headcount at MillenniumIT, its trading technology wing, had increased by 81 employees to 542 total.

The new hires will "support the large number of both internal and external software development projects taking place in the business", the LSEG said in its interim statement.

MillenniumIT helped build the LSEG's new Linux-based trading system Turquoise, which crashed due to "human error" on 3 November.

The new IT staff work in a C++ environment, which will be used for the Millennium Exchange Linux matching engine. The engine is being developed by MillenniumIT and will replace the LSE's current Microsoft .NET environment, according to Computerworld UK.