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..."