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NewsForge: Tradeware Trades Solaris for Red Hat

Apr 02, 2006, 19:00 (0 Talkback[s])
(Other stories by Tina Gasperson)

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"Tradeware Global is a financial services company that allows securities brokers to provide direct market access to their clients. It currently handles 5% of all transactions in the New York and American stock exchanges. Tradeware is about halfway through with an infrastructure migration that is moving the company's 100+ servers off of Solaris and onto Red Hat Linux.

"Direct market access is a new buzz phrase in securities brokerage. It allows the 'buy side'--institutions that typically engage the services of a broker--to control market transactions by leasing the broker's access to those markets. Brokers get a new income stream, and companies save money on deeply discounted commissions..."

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