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Computerworld: Nasdaq CIO Confirms Move to Open-Source Instinet Apps

May 18, 2005, 20:30 (3 Talkback[s])
(Other stories by Lucas Mearian)


Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers

"Nasdaq Stock Market Inc.'s CIO said last week that the exchange will scrap its proprietary SuperMontage order entry and execution system in favor of an open-source system from electronic broker Instinet Group Inc., which Nasdaq agreed to acquire last month.

"The move to switch systems is a key part of Nasdaq's effort to integrate its technology with that of Instinet and Brut LLC, which it bought from SunGard Data Systems Inc. for $190 million [€150.3 million] last fall..."

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