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:Not a recent development

[cheekyboy]

So whos fault is it that the finance corp world is causing the biggest derivitive market to date, at over 1400 trillion outstanding. Even the BIS is saying the Great Depression is coming. All this caused by harvard math genious creating weird financial instruments for investments that sound cool at the start (like CDSs http://en.wikipedia.org/wiki/Credit_default_swap)

The FEDs solution? spread the risk, but then the only final outcome is everyone fails at once like a titanic.

Good luck and stock up on canned food before there are rations and shortages.