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

By

[ 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

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