Big Money Joins Linux Foundation

[ Thanks to Steven J.
for this link. ]

“Anyone who still thinks Linux is just for geeky hobbyists needs
to wake up and look at the stock market. Big business runs on Linux
and no where is that more apparent on the world’s major stock
markets. So, it should come as no surprise that the CME (Chicago
Mercantile Exchange) Group, the world’s largest and most diverse
derivatives exchange, has joined the Linux Foundation.

“The CME has been a major Linux user since 2003 when it started
using the popular open-source operating system. Why? Not because
they thought it was cool, they used it because gave the Exchange
significant cost reductions, increased trading reliability, and
reduced trade transaction times. Since fast transactions with low
latency is what an exchange is all about, the CME is still, and
will continue to be, a major Linux user. After all, when you’re
trading a record 2.2 billion contracts worth more than $1.2
quadrillion in a year, which is what the CME did in 2007, you can’t
afford a slow, unreliable system.

“‘The stability and flexibility of Linux fits so well in the
financial world. It’s an extremely demanding environment,’ said Jim
Zemlin, The Linux Foundation’s executive director in a press
release. ‘We’re looking forward to CME Group’s contribution to
Linux Foundation events and to vendor and developer understanding
of what kinds of requirements large financial institutions have of

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