Wall Street Still Likes Linux, But for New Reasons

“A few years ago, financial services firms tended to point to
low cost and customizability of components as their major reasons
for turning to Linux and open source. But at the Linux/Open Source
on Wall Street show today, panelists devoted more of their remarks
to topics such as multi-OS server consolidation on mainframes and
creating realtime Linux applications for PC servers, aptly
reflecting the growing complexity of software environments in
financial firms and elsewhere.

“Citigroup, for instance, now plans to add Linux applications to
a set of ‘core’ Unix and mainframe apps recently consolidated on an
IBM Z10 server, said Aaron Graves, the bank’s senior VP for
architecture and technology engineering, in a panel session…”

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