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atNewYork.com: Is Linux Ready for Financial Services?

Jan 27, 2003, 14:30 (3 Talkback[s])
(Other stories by Erin Joyce)

"Are Linux-based open source operating systems ready for Wall Street? As with most answers from the financial services world, that depends.

"IT executives in the financial services industry who gathered at the LinuxWorld conference here say Linux open source variants are already powering a handful of trading applications for some of the street's biggest firms.

"Linux adoption in the financial services sector may be outpacing the manufacturing sector because the beaten-up financial services industry needs to lift out as much of its fixed costs as it can.

"'In an open-source world, you have vendors competing with each other on flat playing fields,' said Robert Lefkowitz, director in the technology architecture group for Merrill Lynch..."

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