Chicago Mercantile Exchange joins the Linux Foundation

Chicago Mercantile Exchange has long derived benefits from Linux, and now it's giving back.

I've been pining lately for greater enterprise participation in open source, following the lead set by Red Hat CEO Jim Whitehurst , and so was excited to see the recent news that the Chicago Mercantile Exchange (CME) has joined the Linux Foundation. For CME, time is money, with a record 2.2 billion contracts in 2007 worth more than $1.2 quadrillion, all running on Linux (Red Hat Enterprise Linux, in this case).

But what does CME get from joining the Linux Foundation?

By joining the Linux Foundation, CME Group will be able to collaborate with key Linux developer and vendors. CME Group's Vinod Kutty, associate director and head of distributed computing R&D, will become chair of the Linux Foundation's End User Council. The Council is a group of the largest Linux end users who use the forum to collaborate and educate themselves on technical, legal and community efforts.

In other words, CME wants to be both a producer and a consumer of open-source software, and specifically Linux in this case. CME has been a longstanding user of Linux, deriving considerable value from Red Hat Enterprise Linux since at least 2004. Now it's time to start giving something back.

Tags:
Tech Culture
About the author

    Matt Asay is chief operating officer at Canonical, the company behind the Ubuntu Linux operating system. Prior to Canonical, Matt was general manager of the Americas division and vice president of business development at Alfresco, an open-source applications company. Matt brings a decade of in-the-trenches open-source business and legal experience to The Open Road, with an emphasis on emerging open-source business strategies and opportunities. He is a member of the CNET Blog Network and is not an employee of CNET. You can follow Matt on Twitter @mjasay.

     

    Join the discussion

    Conversation powered by Livefyre

    Show Comments Hide Comments
    Latest Galleries from CNET
    Catwalk contraptions: High-tech couture of 2014 (pictures)
    The most anticipated games of 2015
    Tech industry's high-flying 2014
    Uber's tumultuous ups and downs in 2014 (pictures)
    The best and worst quotes of 2014 (pictures)
    A roomy range from LG (pictures)