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Wall Street Opens Doors to Open Source Technologies
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| With the financial meltdown eroding IT budgets, large investment banks, hedge
| funds and other financial institutions have been forced to rethink their
| attitudes toward open source technology. Use of open source technology is
| quietly booming in the capital markets because of increased cost pressures,
| and analysts predict the current economic conditions will drive further
| industry adoption.
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http://www.wallstreetandtech.com/it-infrastructure/showArticle.jhtml?articleID=217400216
New Mule Financial Information eXchange (FIX) Transport Supports Messaging
Standard for Real-Time Electronic Exchange of Securities Transactions
,----[ Quote ]
| The Mule FIX transport is based on QuickFIX/J -- a full featured messaging
| engine for the FIX protocol that is a 100% Java open source implementation of
| the popular C++ QuickFIX engine. This transport allows users to read and
| write messages over FIX endpoints and have Mule ESB route, transform and
| filter messages accordingly.
`----
http://www.earthtimes.org/articles/show/new-mule-financial-information-exchange,820140.shtml
Related:
Red Hat on the NYSE: A big move for open source
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| It means that open source has truly arrived. Extinction for the old
| school vendors can't be too far behind....
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http://weblog.infoworld.com/openresource/archives/2006/12/red_hat_on_the.html
Meet the People Who Have Trillions Riding on Linux this Fall
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| NYSE Euronext and its family of exchanges which include the NYSE, Euronext,
| Liffe, Alternext and NYSE Arca Options, operating in the US and Europe, now
| run on Red Hat Linux and look to Red Hat for support and services. Put it
| another way, over 4000 public companies and over $141 billion in daily stock
| transactions depend on Linux. The Chicago Mercantile exchange at last count
| traded 1.403 Billion contracts valued at $827 trillion annually.
`----
http://www.linux-foundation.org/weblogs/jzemlin/2008/07/09/meet-the-people-who-have-trillions-riding-on-linux-this-fall/
Wall Street still likes Linux, but for new reasons
,----[ Quote ]
| 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.
`----
http://www.betanews.com/article/Wall_Street_still_likes_Linux_but_for_new_reasons/1207083805
Linux steps up to power NZ Stock Exchange
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| 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.
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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
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