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[News] Linux Resilient, Polished, Suitable for Mission-critical Finance

Linux ready for real-time computing in financial services

,----[ Quote ]
| Vinod Kutty, the distributed computing R&D head at the Chicago Mercantile 
| Exchange (CME), now the CME Group, and a conference speaker, believes that 
| Linux has become more mature as a platform and is ready for mission-critical, 
| financial services workloads.   
| 
| "I'm starting to see Linux companies focusing on enterprise customer needs" 
| and beefing up their staff of talented Unix developers, Kutty said after the 
| conference. "These are signs that they are ready to play in the enterprise 
| market."   
`----

http://searchenterpriselinux.techtarget.com/news/article/0,289142,sid39_gci1309650,00.html

Is Linux Ready To Hit Wall Street?

,----[ Quote ]
| While a mass exodus to Linux based systems will not happen overnight, and may 
| be delayed somewhat in light of the recent economic climate, we can safely 
| assume that Linux will have a growing presence in the financial sector. 
| Increasing up take in this sector will see the name of Linux hit the 
| headlines worldwide and could possibly offer a useful way into other, more 
| traditional markets.     
`----

http://www.linuxsolutions.fr/is-linux-ready-to-hit-wall-street/

The headline is deceiving. At least 2-3 stock markets /ALREADY/ run on Linux,
including NYSE (in part).

Microsoft fails to demonstrate its lies about Linux being a just a hobby.


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


Pump and dump spam comes to Europe 

,----[ Quote ]
| Earlier this month, the US Securities and Exchange Commission
| (SEC) had suspended trading in 35 companies that were found to
| be commonly referenced in pump-and-dump stock email campaigns.
`----

http://www.theinquirer.net/default.aspx?article=38607


SEC goes after stock spammers, hackers

,----[ Quote ]
| The SEC action to freeze the assets is the third filed in as many
| months involving market manipulation schemes conducted through
| online account intrusions. In the past the SEC has also taken
| action against individuals who allegedly broke into financial
| news Web sites or news release services.
| 
| [...]
| 
| "When spam clogs our mailboxes, it's annoying. When it rips
| off investors, it's illegal and destructive," SEC Chairman
| Christopher Cox said in a statement.
`----

http://news.com.com/2100-7348_3-6165804.html?part=rss&tag=2547-1_3-0-20&subj=news


London Stock Exchange blames outage on Infolect 

,----[ Quote ]
| She said the problem appeared to lie with Infolect’s three interactive 
| gateways, which send out about 10 million separate pieces of market 
| information daily, including share prices, to about 100,000 terminals.  
| 
| Infolect was launched two years ago in place of the exchange’s London Market 
| Information Link platform. It uses Microsoft .net technology and a SQL Server 
| database, and runs on more than 100 Intel-based 32-bit Proliant servers.  
`----

http://www.cio.co.uk/concern/security/news/index.cfm?articleid=2248&pagtype=allchantopdate


Open Source Slowly Gains Momentum on Wall Street

,----[ Quote ]
| Customers may be comfortable using Linux for infrastructure-type
| systems but less so for business software, said Monica Kumar,
| senior director of product manager for Linux and open-source
| software at Oracle.
`----

http://www.adtmag.com/article.aspx?id=20569


Linux Crossing Threshold to Real Mission Critical Computing

,----[ Quote ]
| ...Linux developers are steadily chipping away at the most
| significant functional gaps that limited its suitability for
| these workloads in the past, allowing it to progress far beyond the
| "edge of network" domain where it has traditionally thrived. The
| impressive wins by Novell and Red Hat prove that user perceptions
| about Linux's limitations are gradually crumbling as well.
`----

http://ideasint.blogs.com/ideasinsights/2007/04/linux_crossing_.html


Linux goes to Wall Street, puts on a show

,----[ Quote ]
| "The Financial Services firms are leading the enterprise adoption of
| open source technology, including Linux," says Zachary. "By watching
| the consumption patterns of these firms, open source vendors can
| gain a good understanding of the types of products and services
| that are commercially viable.
| 
| [...]
| 
| "We see a growing role for open source software beyond Linux in
| financial services companies and that's why many companies are
| expanding the governance policies and procedures around using
| open source software."
`----

http://community.linux.com/article.pl?sid=07/04/22/1310216&from=rss


Next Gen, Mission-Critical Apps To Be Deployed on Linux Says Report

,----[ Quote ]
| By now it should be obvious to even the most casual industry observers
| that Linux operating systems - and open source-based software in general -
| have reached critical marketplace mass. Recent Linux deals and
| announcements by Oracle and Microsoft have only reinforced the "open
| source is enterprise-grade" message that IBM, Unisys and other "Master
| Brand" hardware, software and services vendors have been preaching for
| years. In short, open source, especially Linux, is becoming "legitimized"
| by the major vendors for enterprise environments, and user executives
| are more than happy to believe them.
`----

http://www.linuxelectrons.com/News/RoundUp/Next_Gen_MissionCritical_Apps_To_Be_Deployed_on_Linux_Says_Report


CIO study finds Linux ready for prime-time

,----[ Quote ]
| The company predicts a steep rise: only 18 percent of businesses
| will be using Linux in business-critical roles by the end of 2007.
| 
| "Linux operating systems - and open source-based software in general
| - have reached critical marketplace mass," said the study's authors,
| Bruce Guptill and Bill McNee of Saugatuck Research. 
`----

http://www.techworld.com/opsys/news/index.cfm?RSS&NewsID=7681


NEWS: Linux Developers Make A Living

,----[ Quote ]
| Yes, I said paid professionals.
| 
| [...]
| 
| McPherson also notes that “it’s difficult for most people to get their minds 
| around competitive mass collaboration.” Indeed, this is what the freedom 
| afforded by Linux is all about. People (and companies) contribute not for 
| humanitarian reasons, but because they expect a benefit. Work together to 
| create the best platform, openly usable by everyone, and if it still doesn’t 
| meet your needs perfectly, you are free to change it accordingly. Everyone 
| wins. No compromises.      
`----

http://linuxfud.wordpress.com/2008/04/02/news-linux-developers-make-a-living/


Linux kernel developers have tripled in number

,----[ Quote ]
| The Linux Foundation (LF) has published a study on Linux mainline kernel 
| development. According to LF, the number of Linux kernel developers has 
| tripled since 2005, with many more companies contributing to the process 
| (including, potentially, the latest new LF member, Adobe).   
`----

http://www.linuxdevices.com/news/NS6925891609.html

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