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Sun Tzu and the London Stock Exchange
,----[ Quote ]
| I read Sun Tzu's The Art of War more than 10
| years ago, and there is one bit of advice that I
| still use daily in my business dealings. It can
| be paraphrased as "when attacking an entrenched
| competitor, you need four times the force. Ten
| times the force is better." Thus, when Red Hat
| was building its enterprise business, I made sure
| that our sales people were focused on customers
| who could immediately measure 2x the performance
| at 1/2 the cost (yielding a 4x performance/cost
| advantage), although 10x performance/cost was
| more advantageous. It seems that Sun Tzu's math
| has been understood by the London Stock Exchange,
| who are seeing a more than 6x improvement in the
| all-important measure of latency, whilst gaining
| an impressive 2x cost advantage. No wonder they
| are switching from a proprietary platform to one
| based on open source software!
`----
http://www.opensource.org/node/473
Recent:
Marketcetera Brings Fully Integrated Real-Time Equity Data From ACTIV Financial
to Open Source Trading Platform
,----[ Quote ]
| The joint solution, developed in response to customer demand, enables hedge
| funds and proprietary trading firms to access ACTIV's ultra-low-latency data
| feeds and integrate them with the Marketcetera platform. The platform
| includes a visual order-entry application that can be set up to receive and
| display ActivFeed, ACTIV's fully managed direct-feed global data feed
| solution, which provides real-time streaming exchange prices and supporting
| data. Components of the Marketcetera platform include Photon, Marketcetera
| ORS, an order routing system, certified brokerage connectors and the ACTIV
| Market Data Adapter.
`----
http://www.marketwatch.com/news/story/marketcetera-brings-fully-integrated-real-time/story.aspx?guid=%7B5263C890-4E0B-40B1-9AAD-C143A6EA11F5%7D&dist=hppr
Wall Street becoming Linux stronghold
,----[ Quote ]
| Wall Street firms increasingly are buying into Linux, but some still need
| convincing that open source licensing and support models won't make using the
| technology more trouble than its worth.
`----
http://www.networkworld.com/news/2008/061208-linux-wall-street.html
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
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
Related:
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
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