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Linux Journal: Linux and Finance at LinuxWorld Expo; Banks on the Brink of Rolling Out Linux

Feb 08, 2001, 21:15 (0 Talkback[s])
(Other stories by Don Marti)

"Welcome to New York, financial capital of the world. Linux isn't here to run some little web server--banks and other financial institutions are one good proposal and a couple of meetings away from rolling it out in their data centers. Strangely enough, they don't mind saying they're using Linux for development or testing, but nobody wants to be the first to say to a customer, "Your account is on a Linux box."

"First, development. Open-source development projects have solved problems of scale, code reuse and quality control that financial institutions haven't, so the smart ones are starting to take a lesson from the hackers. Every big financial institution basically has a computer company inside. These places have huge IS budgets and staffs, and have more different machines than even most Linux Journal readers. Unfortunately, the trend has been to encapsulate development projects into small groups that share no code, waste effort and make all communications among separate in-house kingdoms as difficult as possible. However, Tim Hunt at Goldman Sachs is rolling out a new system to, he hopes, start to change that."

"Speaking of SourceForge-like projects, want a free virtual Linux box on an IBM mainframe for your development project? The S/390 gurus at the IBM booth say the lawyers have approved it, and the offer will be up on IBM's Linux for S/390 site soon. Each virtual box will have 20GB of disk, by the way. I ran into a bunch of financial IT people who haven't gotten management to sign off on bringing Intel-architecture servers into the data center with the Suns, but don't have any trouble getting a virtual Linux box running on the mainframe they already own. Looks like IBM will be selling more services and, eventually, more mainframes."

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