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Developers Combine To Deliver Open Source Trading System
,----[ Quote ]
| The solution, based on open source products from Ingres, Marketcetera, and
| Pentaho, reportedly has many of the same features of competing solutions that
| use proprietary software but will cost significantly less.
`----
http://www.informationweek.com/news/software/open_source/showArticle.jhtml?articleID=215801823&subSection=OpenSource
Leading Open Source Companies Selected for First of Its Kind Trading Desk
Solution
,----[ Quote ]
| Three leading commercial open source companies have been selected to deliver
| a complete trading desk solution that gives the financial services industry a
| way to automate a majority of business functions done by most trading desks
| today. Ingres Corporation, a leading provider of open source database
| management software and support services, announced today that it is part of
| the solution created by dbConcert, a leading professional services firm
| focused on delivering world-class implementations of open source software
| solutions, that ensures all customers get exactly what they need for a
| complete open source trading system. The solution, based entirely on open
| source products from Ingres, Marketcetera, and Pentaho, allows organizations
| to manage their business effectively and make better investment decisions –
| all at a fraction of the cost of proprietary software vendor offerings.
`----
http://www.earthtimes.org/articles/show/leading-open-source-companies-selected,745584.shtml
Recent:
London Stock Exchange in denial over system outage
,----[ Quote ]
| The LSE absolved its core TradElect platform from blame. The system, designed
| and built by Accenture, runs on HP ProLiant Servers and Microsoft .Net and
| SQL Server 2000 systems. Accenture declined to comment on Monday's events.
| The LSE said, "we won't discuss dealings with our individual suppliers".
|
| Bob McDowall, senior analyst at Tower Group, said sparse explanations
| provided by the LSE so far were “not very satisfactory”.
`----
http://www.computerworlduk.com/management/it-business/it-organisation/news/index.cfm?newsid=10947
London Stock Exchange trading derailed by computer crash on frenzied day
,----[ Quote ]
| Trading on the London Stock Exchange has been halted after a computer system
| failed on one of the most frantic days of trading so far this year.
|
| FTSE 100: trading on the London Stock Exchange halted after computer systems
| failed
|
| In an embarrassment for the LSE, the exchange said that no orders can be
| entered or executions of those trades occur. The LSE plans to bring back
| trading in a “controlled way’’, but couldn't say how long that will take.
`----
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/09/08/bcnlse408.xml
London Stock Exchange blames outage on Infolect
,----[ Quote
| The outage hit shortly before close of trading and forced the exchange
| to extend its closing auction by a hour and a half, from 4.30pm until
| 6pm. Even so it was reported that that some traders left for the day
| with trades unexecuted
|
| Infolect was launched two years ago in place of the exchange’s London
| Market Information Link platform. It uses Microsoft .net technology and
| a SQL Server database
`----
http://www.cio.co.uk/concern/security/news/index.cfm?articleid=2248&pagtype=allchantopdate
NYSE Euronext banks on Red Hat
,----[ Quote ]
| If anyone out there persists in believing that Linux isn't ready for serious
| prime time, NYSE Euronext's dependence on Red Hat should finally lay that
| silly notion to rest. As announced, the New York Stock Exchange Euronext
| dumped its proprietary UNIX heritage (AIX, HP UX, Solaris) for the freedom,
| flexibility, and performance of Linux.
`----
http://www.cnet.com/8301-13505_1-9942680-16.html?part=rss&tag=feed&subj=TheOpenRoad
Linux steps up to power NZ Stock Exchange
,----[ Quote ]
| The New Zealand Stock Exchange is moving to a Linux platform for its
| settlement and clearing system, replacing its existing HP NonStop platform
| and applications in order to reduce cost and increase flexibility.
`----
http://computerworld.co.nz/news.nsf/news/F586239BCCA7593FCC2573F00001488E
HP Linux servers bolster NYSE trading app
,----[ Quote ]
| "We favor Linux for what we do. We don't want to be beholden to any one
| [hardware or software] supplier, even if it is very good. We want the freedom
| to be vendor-independent, so Linux was a good choice," said Rubinow.
`----
http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1285921,00.html
Microsoft is the world's biggest cause of zombie remailers
,----[ Quote ]
| In China, it would take about one and one-half years wages (for the
| average Chinese) to buy a legitimate copy of Windows Vista. If you
| could find it here.
|
| Microsoft is the biggest cause of zombie remailers in the world,
| because they make noises, but do not do anything to address the
| real digital inequities in the world.
`----
http://www.theinquirer.net/default.aspx?article=38202
Pump and dump spam comes to Europe
,----[ Quote ]
| Earlier this month, the US Securities and Exchange Commission
| (SEC) had suspended trading in 35 companies that were found to
| be commonly referenced in pump-and-dump stock email campaigns.
`----
http://www.theinquirer.net/default.aspx?article=38607
SEC goes after stock spammers, hackers
,----[ Quote ]
| The SEC action to freeze the assets is the third filed in as many
| months involving market manipulation schemes conducted through
| online account intrusions. In the past the SEC has also taken
| action against individuals who allegedly broke into financial
| news Web sites or news release services.
|
| [...]
|
| "When spam clogs our mailboxes, it's annoying. When it rips
| off investors, it's illegal and destructive," SEC Chairman
| Christopher Cox said in a statement.
`----
http://news.com.com/2100-7348_3-6165804.html?part=rss&tag=2547-1_3-0-20&subj=news
Related:
Mainframe Linux at SHARE
,----[ Quote ]
| Everyone is already using Linux somewhere, Elliott said, but there are still
| people who are afraid to put their mission-critical applications on it for
| fear that it is not robust enough.
`----
http://www.linux.com/feature/118624
Open source and mission critical: The Linux application server landscape
,----[ Quote ]
| In 2005, Michael Dortch, executive editor and director of IT infrastructure
| management strategies at the Robert Frances Group, penned a report comparing
| Linux application server total cost of ownership (TCO) with Microsoft's
| Windows and Sun Microsystems' Solaris. In that report, Linux won handily,
| prompting Dortch to recommend that all IT managers at least give the Linux
| application server a serious look for mission-critical data center tasks.
|
| [...]
|
| What a lot of our clients are finding today, however, is that, with Linux and
| open source application servers, the wisdom of the crowd has solved those
| standards-based problems. And because the management tools are freely
| available and malleable, they find that the big sell was "cheap and free" but
| is now "What will complete my processes faster?" Open source used to be
| inexpensive and free, but now IT is finding value [in it] because it's more
| responsive and responsive.
`----
http://searchenterpriselinux.techtarget.com/originalContent/0,289142,sid39_gci1264755,00.html?track=NL-825&ad=597846&asrc=EM_USC_1828806&uid=2087385
Forrester: Open source is everywhere, and increasingly used for
mission-critical applications
,----[ Quote ]
| Forrester just issued an insightful report on the increasing adoption
| of open source in the enterprise. The verdict? Open source is everywhere,
| and taking an ever-increasing piece of the enterprise pie
`----
http://weblog.infoworld.com/openresource/archives/2007/05/forrester_open_1.html
Open Source Slowly Gains Momentum on Wall Street
,----[ Quote ]
| Customers may be comfortable using Linux for infrastructure-type
| systems but less so for business software, said Monica Kumar,
| senior director of product manager for Linux and open-source
| software at Oracle.
`----
http://www.adtmag.com/article.aspx?id=20569
Linux Crossing Threshold to Real Mission Critical Computing
,----[ Quote ]
| ...Linux developers are steadily chipping away at the most
| significant functional gaps that limited its suitability for
| these workloads in the past, allowing it to progress far beyond the
| "edge of network" domain where it has traditionally thrived. The
| impressive wins by Novell and Red Hat prove that user perceptions
| about Linux's limitations are gradually crumbling as well.
`----
http://ideasint.blogs.com/ideasinsights/2007/04/linux_crossing_.html
Linux goes to Wall Street, puts on a show
,----[ Quote ]
| "The Financial Services firms are leading the enterprise adoption of
| open source technology, including Linux," says Zachary. "By watching
| the consumption patterns of these firms, open source vendors can
| gain a good understanding of the types of products and services
| that are commercially viable.
|
| [...]
|
| "We see a growing role for open source software beyond Linux in
| financial services companies and that's why many companies are
| expanding the governance policies and procedures around using
| open source software."
`----
http://community.linux.com/article.pl?sid=07/04/22/1310216&from=rss
Next Gen, Mission-Critical Apps To Be Deployed on Linux Says Report
,----[ Quote ]
| By now it should be obvious to even the most casual industry observers
| that Linux operating systems - and open source-based software in general -
| have reached critical marketplace mass. Recent Linux deals and
| announcements by Oracle and Microsoft have only reinforced the "open
| source is enterprise-grade" message that IBM, Unisys and other "Master
| Brand" hardware, software and services vendors have been preaching for
| years. In short, open source, especially Linux, is becoming "legitimized"
| by the major vendors for enterprise environments, and user executives
| are more than happy to believe them.
`----
http://www.linuxelectrons.com/News/RoundUp/Next_Gen_MissionCritical_Apps_To_Be_Deployed_on_Linux_Says_Report
CIO study finds Linux ready for prime-time
,----[ Quote ]
| The company predicts a steep rise: only 18 percent of businesses
| will be using Linux in business-critical roles by the end of 2007.
|
| "Linux operating systems - and open source-based software in general
| - have reached critical marketplace mass," said the study's authors,
| Bruce Guptill and Bill McNee of Saugatuck Research.
`----
http://www.techworld.com/opsys/news/index.cfm?RSS&NewsID=7681
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