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Internet Week: Linux In Stealth Mode On Wall Street

Oct 24, 2000, 23:14 (0 Talkback[s])
(Other stories by Alan Radding)

"Officially, the open-source OS is experimental in financial services firms, but it's starting to go into production."

"Linux is there, but nobody will talk about it," says a former employee of Salomon Smith Barney Inc. and a large bank. At both companies, he encountered hush-hush Linux tests and small-scale initiatives. Even now, as an independent consultant trying to sell his Linux- and Informix-based database services to those firms, he still insists on anonymity when it comes to discussing Linux in large financial services companies."

"If you ask about the use of Linux at leading financial services companies, the official answer is that it's not present. IT has defined the business systems standards, which typically include one or more flavors of Unix and Windows. Linux hasn't made the list and isn't even up for formal consideration by IT managers who are more comfortable with more mature and time-proven technologies."

"But unofficially, many financial services companies have set up pilot projects, says Dan Powers, IBM's director of early-stage Internet technology. Some of those Linux efforts have progressed beyond pilots and are actually deployed, often providing some infrastructure service, such as a directory. Yet, even in these cases, "the CIO often doesn't know about it," Powers says."

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