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NY Stock Exchange Moves To Linux

An anonymous reader writes "Even the old mainframe strongholds, the financial markets, are moving away from big iron. The New York Stock Exchange is one of them, as it's leaving the mainframe for AIX and Linux. They're doing it to save money; it seems that transactions are going to cost half as much on Unix and Linux as they did on the mainframe." The first phase of the transition happened last Monday.

5 of 272 comments (clear)

  1. Moves away from big iron is more accurate by Timesprout · · Score: 4, Interesting

    The bulk of the savings seem to be coming from reduced hardware and maintenance costs by getting rid of the mainframe and the savings are the reason they are doing it.

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  2. hmm by nomadic · · Score: 4, Interesting

    What about stability issues? I'd think that these machines would have to be a little bit more robust than linux is capable of being at the moment.

  3. Wonder if someone really dropped the ball. by Kadin2048 · · Score: 4, Interesting

    Well, the migration strategy seems interesting, although not especially surprising; they've eschewed emulation strategies that might incur a performance penalty in favor of some company that actually recompiles the old COBOL and IBM JCL code for modern architectures and does a lot of in-house QA (and, one assumes, has really good support...). They're using smaller IBM AIX servers to actually run the code in the new system, with the HP Linux machines basically doing all the I/O and general feeding of data.

    I'm a little surprised that IBM didn't manage to sell them on a new mainframe, or at least on its own clustered solution; or that they didn't ditch IBM completely and go with somebody else (what I'd suspect if somehow someone at IBM had really stepped on the wrong foot).

    There's not a whole lot of information in TFA about their old system, which actually sounds like it must be fairly neat; it's only described as a "1,600 MIPS mainframe" and then from context it's clear that it's an IBM of some sort. Another surprising thing is that they complain that the software licenses for it, among other things, are prohibitively expensive -- you'd think that IBM, in danger of losing a mainframe customer completely to commodity kit, would cut them some sort of a cheap-or-free deal on the software just to keep them around and on the support contracts. (I really gotta wonder if someone really boned this up; I mean, if you can't keep a mainframe contract at a place like the NYSE, really, what are you doing?)

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  4. To quote Keanu Reeves, "Whoa" by smooth+wombat · · Score: 4, Interesting
    To test Clerity, Feldman and his team collected some batch and CICS application code, sent it to Clerity and said he would be at Clerity's development center in 24 hours to see the results. Clerity passed.


    Now that's service. I realize it's only compiling one code into another form but being able to take the code, compile it into what you need AND still have it work correctly in a 24 hour period is no easy feat.

    If nothing else, other firms will look at this migration to an aix/linux platform and see the cost benefits of doing so. After all, if the NYSE has done it, it can't be a bad thing.

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  5. Re:Licensing Fees by Clover_Kicker · · Score: 4, Interesting

    IBM will support your old hardware almost forever.

    They don't enjoy it, though - they have to stock a zillion old parts for a zillion old architectures, they have to train new guys on stuff that was obsolete before they got out of diapers.

    They gradually crank up maintenance fees to "encourage" you to upgrade to new kit that is easier to support.