Investor's Business Daily: IBM, Software Firm Take Linux-Based System To Street | Linux Today

Investor’s Business Daily: IBM, Software Firm Take Linux-Based System To Street

Written By
Web Webster
Web Webster
Aug 28, 2001

[ Thanks to Paul
Eggert
for this link. ]

“IBM Corp. (NYSE:IBM)
plans to announce Tuesday that the electronic trading service that
supplies brokers with data from the New York and American stock
exchanges is shifting its key applications to Linux.”

“In related news, IBM also plans to announce Tuesday it’s
helping financial software provider Javelin Technologies offer
Linux-based trading applications to hundreds of institutional
clients.”

“‘Stock trades are one of the most sensitive, secure and
important kinds of transactions that exist,’ said John Patrick,
vice president of Internet technology at IBM. ‘This deal has
removed any doubt that Linux is ready for the mainstream and that
it can play a major role in electronic businesses of all kinds and
sizes.'”

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.

Linux Today Logo

LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.