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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.