[luau] News - Wall Street's Secret Affair With Linux

Warren Togami warren at togami.com
Thu Jul 18 02:50:01 PDT 2002


Wall Street's Secret Affair With Linux
http://cin.earthweb.com/article/1,3555,10493_1408471,00.html

July 16, 2002: Wall Street's big brokerage houses, always on the lookout for
new technology that might give them an edge over the competition, are
turning to Linux in a big way. Few in this tight-lipped community, however,
will discuss details.

Wall Street's big brokerage houses, always on the lookout for new technology
that might give them an edge over the competition, are turning to Linux in a
big way. While Linux servers could be found on Wall Street in the past, in
skunkworks projects or running small, non-essential applications, the recent
economic downturn is making the free operating system look more and more
attractive.
"There's been a marked change in attitude towards Linux in the last six to
nine months," says Mark Hunt, Global Director, Enterprise Product Marketing
at Reuters. Reuters has ported its Reuters Market Data Systems (RMDS), which
provides real-time market data and financial news, to Linux. Merrill Lynch &
Co. is running RMDS on Linux.

(continued in article)





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