NZX Moves To Oracle On Linux · Slashdot Mirror

Posted by timothy on Monday July 12, 2004 @06:22PM from the marketing-victory dept.

sn00ker writes "In this story in The New Zealand Herald, we learn that the NZX stock exchange has moved their database systems to Oracle running on RedHat Linux, running on commodity Intel-based hardware. What's really impressive are the performance numbers they're claiming. Quoth the article, "One key query - searching the data on historical trades to identify maximum trade values - has been cut from 36 seconds to 0.03 seconds." An improvement of over 1000 times is spectacular in anybody's books, and is one hell of a boost for the proponents of Linux at the back-end of the financial world."

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Ja, ja by trifakir · 2004-07-12 18:35 · Score: 5, Informative

There are even more impressive results with Kdb by Kx Systems.
Financial organizations are very conservative but even Deutsche Bank are migrating to Linux some of their less important processes.
In all the cases the future of the financial industry is in cheap linux clusters.