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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."

5 of 214 comments (clear)

  1. Jeuhhh first? by daxomatic · · Score: -1, Troll

    Post! uhm oh yeah this is slashdot Ineed to fill in some stuff here....

  2. Re:Wall Street = Sun City. And Big Iron. by willyhill · · Score: 0, Troll
    A lot of new mainframes being shipped are with Linux.

    I never said that wasn't the case. But please tell me how many applications that run on the mainframes of large financial corporations are being replaced by applications that run on Linux.

    --
    The twitter monologues. Click on my homepage and be amazed.
  3. Re:Wall Street = Sun City. And Big Iron. by Anonymous Coward · · Score: -1, Troll

    Are you just pretending to be clueless? The GP is referring to companies replacing applications that run on OS/390 with applications that run on virtualized Linsux. That's what the whole (incorrect) point of the article is, and what I understood from his comment.

    I wrote COBOL apps for 20 years (before happily moving to java) for a utilities company in the midwest, and I can assure you that none of that stuff is even remotely portable to any Unix-like OS.

  4. Re:This is it! by Anonymous Coward · · Score: -1, Troll

    Well that's just great. You're well on your way to being a dedicated smug asshole instead of just being a part time one. Thank you for sharing your achievement with others and being a source of inspiration to the rest of us.

  5. Please don't lie about GPL and then complain later by Anonymous Coward · · Score: -1, Troll


    Please don't spread lies and FUD about the _lack of restrictions_ that is involved in the GPL, and then only _later_ put the rope around the company's neck when they fail to fulfil their obligations.

    If the Linux Providers claim that the companies have "nothing to fear", in an environment where proprietary programming can be the key to a competitive advantage, they are liars. There are several companies who have been sought to be ripped apart on these very pages for not contributing.