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[News] [Rival] The Financial Markets Choose Free Software

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Wall Street Opens Doors to Open Source Technologies

,----[ Quote ]
| With the financial meltdown eroding IT budgets, large investment banks, hedge 
| funds and other financial institutions have been forced to rethink their 
| attitudes toward open source technology. Use of open source technology is 
| quietly booming in the capital markets because of increased cost pressures, 
| and analysts predict the current economic conditions will drive further 
| industry adoption.      


New Mule Financial Information eXchange (FIX) Transport Supports Messaging
Standard for Real-Time Electronic Exchange of Securities Transactions 

,----[ Quote ]
| The Mule FIX transport is based on QuickFIX/J -- a full featured messaging 
| engine for the FIX protocol that is a 100% Java open source implementation of 
| the popular C++ QuickFIX engine. This transport allows users to read and 
| write messages over FIX endpoints and have Mule ESB route, transform and 
| filter messages accordingly.     



Red Hat on the NYSE: A big move for open source

,----[ Quote ]
| It means that open source has truly arrived. Extinction for the old
| school vendors can't be too far behind....


Meet the People Who Have Trillions Riding on Linux this Fall

,----[ Quote ]
| NYSE Euronext and its family of exchanges which include the NYSE, Euronext,
| Liffe, Alternext and NYSE Arca Options, operating in the US and Europe, now
| run on Red Hat Linux and look to Red Hat for support and services. Put it
| another way, over 4000 public companies and over $141 billion in daily stock
| transactions depend on Linux. The Chicago Mercantile exchange at last count
| traded 1.403 Billion contracts valued at $827 trillion annually.


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.  


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.  


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.  

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