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Wall Street Becoming a Linux Stronghold

Posted by Soulskill on from the quite-an-investment dept.

alphadogg recommends an article about the rise of Linux on Wall Street. We discussed the beginnings of this trend last year. From NetworkWorld: "Wall Street firms increasingly are buying into Linux, but some still need convincing that open source licensing and support models won't make using the technology more trouble than it's worth. Linux providers, speaking this week at the Securities Industry and Financial Markets Association conference in New York City, stated their cases that Wall Street firms have nothing to fear about diving into open source. Red Hat and Novell argued that's especially true now that specialized Real Time Linux has been developed that meets strict low-latency and messaging requirements of brokerages and trading firms."

7 of 214 comments (clear)

  1. This is it! by Anonymous Coward · · Score: 5, Funny

    This will surely usher in the year of Linux on the desktop!

    1. Re:This is it! by deblau · · Score: 1, Funny

      Thanks for posting AC, you heartless bastard, now I don't know who to send my dry cleaning bill to.

      --
      This post expresses my opinion, not that of my employer. And yes, IAAL.
  2. Re:Not a recent development by megaditto · · Score: 5, Funny

    Are your friends still employed?

    I would warn potential FOSS adopters of the unintended consequences of their altruism: you might be out of your job.

    When you spend $2M for software licensing fees, $500k for IT staff doesn't look bad.
    When you spend $0 for software, $500k for staff starts to look like a good cost-cutting target for that asshole PHB exec!

    Also consider that when something goes wrong with Solaris or Windows, you file a ticket and come out smelling like roses when it's speedily resolved. When something goes wrong with FOSS that you advocated for, more often then not it's your ass.

    --
    Obama likes poor people so much, he wants to make more of them.
  3. Re:Not a recent development by hpa · · Score: 5, Funny

    Also consider that when something goes wrong with Solaris or Windows, you file a ticket and come out smelling like roses when it's speedily resolved.


    Best joke today...

  4. Congrats Linux Hippies by awitod · · Score: 4, Funny

    You've enabled the trading of trillions of dollars and ginormous salaries for hedge-fund managers based on volunteer-ism.

    Nice job! You really showed the capitalists.

  5. Re:confusion/FUD about licensing by jonaskoelker · · Score: 2, Funny

    when we find kernel bugs (and we do) we need them integrated back into a vendor supported kernel before we'll even consider deploying them into production. Yeah, it'd be a disaster if the vendor didn't support your production-deployed bugs ;)
  6. Re:Windows still important by PPH · · Score: 2, Funny

    ...for jumping out of when the market tanks.

    --
    Have gnu, will travel.