Computerworld: Wall St. Leans Toward Linux | Linux Today

Computerworld: Wall St. Leans Toward Linux

Written By
Web Webster
Web Webster
Oct 22, 2002

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]

“With a handful of key Wall Street brokerage firms acting as
icebreakers, Linux is quickly gaining ground on Unix and Windows as
a mission-critical operating system within the securities industry.
The attractions: its flexibility across systems and the savings it
yields through the use of commodity hardware.

“‘The list of people in the queue who are saying ‘When I have a
new project, I’m going to use Linux’ is larger than we can handle,’
said Rick Carey, chief technology architect at Merrill Lynch &
Co. in New York. ‘I’d say it will be significant over the next
year. A majority of new projects are interested in Linux.’

“While Cary said he still prefers Microsoft’s performance for
some functions, such as desktop applications, he said the cost of
running Linux is typically a tenth of the cost of Unix and
Microsoft alternatives…”


Complete Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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