NYSE Goes To Linux

Aligrip writes "It appears that IBM has convinced the folks at the Securities Industry Automation Corp (SIAC) to move their entire trading network to Linux as explained in this article in the Investors Business Daily. The authors predict that this deal could give Linux "a hot new beachhead with financial institutions". Cool!"

Comments

Re:Wow...score one more HUGE client for IBM.

[ptomblin]

A few weeks ago our system (which handles 70% of all the trades sent to NASDAQ) accidentally sent too many position updates to NASDAQ, something like 200 per second for 20 seconds, and all on a test stock. Not that many, and well within the spec that NASDAQ tells us to stay within, but it crashed NASDAQ's Small Order Execution System (SOES) for all stocks for 20 minutes.

NASDAQ was mad at us for sending so many positions, but it was really their fault for not being able to handle a volume of traffic that they publish that they can handle.

I can't tell you if the part of NASDAQ that crashed is handled by their new NT stuff, or if it was the older Solaris and Tandem parts. But it makes me think that if the tech stock bubble hadn't burst when it did, NASDAQ would have quickly run out of steam and melted down under the shear pressure of increasing trading volumes.