Linux gives the NYSE lower costs and independence
Chip Chowdhry of Global Equities Research recently speculated (and that's all it was) that Red Hat Linux "is gradually being relegated to a position of non-criticality." The implication was that Linux is not ready for mission-critical implementations, a thought so bizarre and contradicted by the facts (and by Jim Zemlin's enthusiasm) that I'm struggling to say anything more polite than "Global Equities Research is not ready for mission-critical equities analysis."
The recent news that the New York Stock Exchange is idling Unix while scaling out Linux is just one more proof point. The reasons behind the shift are illustrative of why savvy CIOs increasingly turn to open source, generally:
The New York Stock Exchange is investing heavily in x86-based Linux systems and blade servers as it builds out the NYSE Hybrid Market trading system that it launched last year. Flexibility and lower cost are among the goals. But one of the things that NYSE Euronext CIO Steve Rubinow says he most wants from the new computing architecture is technology independence.… Read more