Slashdot Mirror

← Back to Stories (view on slashdot.org)

NYSE Goes To Linux

Posted by Hemos on from the the-penguins-wins-again dept.

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!"

2 of 312 comments (clear)

  1. IBM by briggsb · · Score: 5, Insightful
    This illustrates the importance of having a big company behind Linux. Do you think RedHat or RMS could have convinced the SIAC to switch? Fraid not.

    Maybe they can put some code in there to boost some of the Linux stocks now...

  2. Don't kid yourself by blakestah · · Score: 5, Insightful

    Don't think for a second that MS execs' stomachs are not turning over about this deal.

    This is a key financial services application, and opens the door for acceptance of linux in key financial markets. Microsoft was going to undersell and overmarket traditional UNIX vendors and eat into the server market. Once their foot was in the door, extend and embrace.

    Guess what - the markets grow from the bottom. It happened with DOS against MacOS. It happened with Windows95 against OS/2. It happened with NT against Unix. And now it is happening with linux against Windows.

    This could have been a HUGE win for Microsoft. Instead, it is another notch in IBM's belt, and a huge boost for linux in the perception of CTOs. Microsoft can't buy that kind of publicity.