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internetnews.com: IBM, NYSE Team for Reliable Trades

“The broad technology agreement, rumored for two weeks, was
unveiled by Willy Chiu, IBM’s vice president of high performance on
demand solutions, and NYSE CTO Roger Burkhardt Tuesday.

“The NYSE will purchase 3,000 handheld devices, custom-designed
by IBM Engineering & Technology Services. Brokers will use the
gadgets, linked to a wireless network, to buy and sell orders on
the trading floor.

“IBM is also supplying Linux workstations optimized for
high-resolution graphics, but consume less power. Traders will use
the workstations to pipe information from the exchange floor to
trading desks upstairs in real-time…”

Complete
Story

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