Wall Street Becoming a Linux Stronghold

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."

Comments

Re:Finally, Some Linux News!!

[unity100]

what you term as 'left wing' news in /. pertains to freedom of the masses in regard to life and internet, what you term as 'psuedo-politics' affects the lives of ALL of us and what we care on the tech world. if many small fights were not won in the areas you so ignorantly despise, today red hat and novell would not be able to make a speech to wall street praising linux.

CTO of Linux Foundation fails to explain the GPL

[Ilyakub]

There's a great fear sometimes, that if I use open source, will I lose my intellectual property?" acknowledged Novell's Levy. Other panelists Randy Hergett, director of engineering for the Open Source and Linux Organizations at HP, and Marcus Rex, CTO at the Linux Foundation, sought to assuage those fears. "The current license for Linux requires you give back any changes you make to the open source community, but there's no way anyone can require those assurances and there's no way we'd know," Rex said.

Excuse me? He could tell them that only changes to the actual code need to be contributed back to the community, and furthermore, that code used within the company and never released does not have to be contributed.

But what does this spokesman for Linux say? That it's illegal but that there's no way to get caught? Does he work for Microsoft?

Re:Not a recent development

[Jason Earl]

Have you ever actually tried blaming your software vendor when a project you were in charge of cratered? As a strategy it is highly over-rated.

That, in my opinion, is the best thing about Free Software. You can actually set it up and try it out before you pull out your checkbook and commit to paying a vendor. If the Free Software solution doesn't work, you've wasted a bit of time, but you haven't saddled yourself with a vendor that already has your money. Heck, if your problem is interesting enough, it might even get fixed.

You can always break out your checkbook later and pay a commercial vendor if the Free Software solution doesn't fit your needs. If you bet on a commercial solution first, and it doesn't work, then you have to write off your wasted licensing fees.

My big iron. Let me show you it.

[symbolset]

The list that proves you wrong is right here

Now go back to the kid's table and play with your toys. The grownups are talking important business. We know you're enthusiastic about today's fad but we don't care. We have work to do and that means using tools that don't have the lifespan of a McDonald's Happy Meal toy.