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RBC Capital Markets Taps Open Source Platform for Fixed Income Applications
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| RBC's project is also another sign that open source technology is gaining
| traction on Wall Street in the wake of the credit crisis. Cash-strapped
| investment banks that have slashed their IT staffs can use open source
| solutions -- with their free code and worldwide communities of developers --
| to build applications with shared components. In fact analysts are beginning
| to suggest that brokerage firms look beyond the buy-versus-build paradigm or
| outsourced solutions and consider open source code as a third alternative to
| reduce software development costs.
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http://www.wallstreetandtech.com/trading-technology/showArticle.jhtml?articleID=217801264
Recent:
Wall Street still likes Linux, but for new reasons
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| A few years ago, financial services firms tended to point to low cost and
| customizability of components as their major reasons for turning to Linux and
| open source. But at the Linux/Open Source on Wall Street show today,
| panelists devoted more of their remarks to topics such as multi-OS server
| consolidation on mainframes and creating realtime Linux applications for PC
| servers, aptly reflecting the growing complexity of software environments in
| financial firms and elsewhere.
|
| [...]
|
| Speaking with BetaNews later, however, Graves said that, in his opinion, the
| main benefit of Linux right now is that Linux appllications will run --
| either virtualized, or not -- on virtually any hardware system, including X86
| PCs and mainframes.
|
| Credit Suisse's Bubba, meanwhile, views the main benefit of Linux as lying in
| its wealth of real-time applications.
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http://www.betanews.com/article/Wall_Street_still_likes_Linux_but_for_new_reasons/1207083805
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