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Investor's Business Daily: IBM, Software Firm Take Linux-Based System To Street

Aug 28, 2001, 07:45 (22 Talkback[s])
(Other stories by Doug Tsuruoka)

[ Thanks to Paul Eggert for this link. ]

"IBM Corp. (NYSE:IBM) plans to announce Tuesday that the electronic trading service that supplies brokers with data from the New York and American stock exchanges is shifting its key applications to Linux."

"In related news, IBM also plans to announce Tuesday it's helping financial software provider Javelin Technologies offer Linux-based trading applications to hundreds of institutional clients."

"'Stock trades are one of the most sensitive, secure and important kinds of transactions that exist,' said John Patrick, vice president of Internet technology at IBM. 'This deal has removed any doubt that Linux is ready for the mainstream and that it can play a major role in electronic businesses of all kinds and sizes.'"

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