atNewYork.com: Is Linux Ready for Financial Services?

“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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