NYSE Undertakes IBM Mainframe Migration to Unix and Linux

“The New York Stock Exchange (NYSE) is migrating off a 1,600
millions of instructions per second (MIPS) mainframe to IBM System
p servers running AIX and x86 Hewlett-Packard Co. (HP) servers
running Linux, with the first part of the move going live
today.

“Francis Feldman, the vice president of the shared data center
for Securities Industry Automation Corp. (SIAC), the NYSE’s
technology arm, said the bottom line for the migration was the
bottom line. He estimates the move will halve the cost of
transactions, and though he wouldn’t detail how much that would
mean on a yearly basis, he said it is ‘serious financial savings,
very serious…'”

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