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NYSE Undertakes IBM Mainframe Migration to Unix and Linux

May 18, 2007, 15:45 (1 Talkback[s])
(Other stories by Mark Fontecchio)

"The New York Stock Exchange (NYSE) is migrating off a 1,600 millions of instructions per second (MIPS) mainframe to IBM System p servers running AIX and x86 Hewlett-Packard Co. (HP) servers running Linux, with the first part of the move going live today.

"Francis Feldman, the vice president of the shared data center for Securities Industry Automation Corp. (SIAC), the NYSE's technology arm, said the bottom line for the migration was the bottom line. He estimates the move will halve the cost of transactions, and though he wouldn't detail how much that would mean on a yearly basis, he said it is 'serious financial savings, very serious...'"

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