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NYSE Goes To Linux

Hemos posted about 13 years ago | from the the-penguins-wins-again dept.

Linux 312

Aligrip writes "It appears that IBM has convinced the folks at the Securities Industry Automation Corp (SIAC) to move their entire trading network to Linux as explained in this article in the Investors Business Daily. The authors predict that this deal could give Linux "a hot new beachhead with financial institutions". Cool!"

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LNUX (-1, Flamebait)

Anonymous Coward | about 13 years ago | (#2224952)

LNUX goes to toilet.


Re:LNUX (0)

Anonymous Coward | about 13 years ago | (#2224965)

Not with the latest kernel. They have a patch for that. Look for MSFT to go down unexplicably, though.

SAIC is a trademark.... (1)

gatkinso (15975) | about 13 years ago | (#2224955)

...of Science Applications International Corporation.

Re:SAIC is a trademark.... (1)

N8F8 (4562) | about 13 years ago | (#2224991)

I was gonna say that.

Re:SAIC is a trademark.... (2)

Nater (15229) | about 13 years ago | (#2225053)

School of the Art Institute of Chicago.

Perhaps you've heard of it [] ?

If not, perhaps you've heard of the Art Institute of Chicago [] ?

Re:SAIC is a trademark.... (1)

haruharaharu (443975) | about 13 years ago | (#2225092)

I doubt anybody is going to confuse a defense contractor with an art school...

I hope... (0)

joestar (225875) | about 13 years ago | (#2224957)

it will run Mandrake. It's the nicest Linux distribution available: robust and friendly. Traders won't use something they don't understand.

Re:I hope... (1, Insightful)

Anonymous Coward | about 13 years ago | (#2225079)

Duh ...

We are talking about traders here, not hackers. What do you think these traders do ? Right, they buy/sell bonds, shares, options and futures. They have a nice UI for that purpose and the only time they leave their UI is for using a spreadsheet (graph) or sending/reading email. They _never_ hack together a script for analysing stock-data, they have big teams of business analysts to do that (with also custom made programs). And no, i don't buy that 'if their boss isn't looking' crap: traders don't have time to do chit-chat ...

So, they don't care about user friendlyness as long as they can easily access their trading-UI, spreadsheet and email-client.

So, the only issue here is the UI, not the distro. Use Gnome, KDE, Windowmaker or whatever that's best for the admins: just put 3 big icons on the desktop and everybody is happy.

I work for a bank so i know a little how these people work/think.

Re:I hope... (1)

bockman (104837) | about 13 years ago | (#2225211)

Actually what you say it is true also for other kind of office desktops: the apps used (at least for work) are few and the set of applications used by a business does not change much over the years (unless they are forced to).

This is why any Linux distro could do very well as office desktop ( good security, centralized management, no licence costs,blah blah ... ) BUT for one point:interoperability with other business using different software ( not only MS : think of one office using KOffice trying to open documents generated with StarOffice ).

Presumably, its all custom trading software anyway (3, Interesting)

hillct (230132) | about 13 years ago | (#2225085)

It pains me to say this but it probably won't matter much what OS is underneath the trading software (except for performance gains etc...) because I doubt the traders ever see the OS at all. It's great PR for linux, but like all PR wins it will probably be short lived. I wouldn't expect traders to wake up each day and say to themselves "Self, I'm using Linux at work. That's neat." It just won't happen...

As for the distribution that would be used, I doubt that matters much either...


no, but (1)

metalhed77 (250273) | about 13 years ago | (#2225129)

it allows a company like redhat to answer questions like "is linux able to handle a large amount of secure transactions?" with, "well you know the NYSE uses it"

it's good for bragging rights

Re:I hope... (1, Insightful)

Anonymous Coward | about 13 years ago | (#2225124)

Read the article. Linux is running the "gear box". That is Linux is running the backend transport system sort of like SMTP in a mail system but, for stock transactions.

The traders won't be running Mandrake or any other distro for that matter. But, the transactions will be transported on a Linux controlled backbone.

Re:I hope... (1)

Cymbaline (200653) | about 13 years ago | (#2225156)

Could be any number of distros, since IBM supports *most* but not all of them. SuSe, Caldara, RH, and I believe Mandrake. I haven't fully read the article yet, though, so if SAIC is mainframe based the options will be SuSe or RH, if I'm not mistaken...


uvasmith (243291) | about 13 years ago | (#2224961)

SIAC is what you meant.

It better work.... (1)

truesaer (135079) | about 13 years ago | (#2224964)

Hopefully someone competent will put the system into place. Otherwise, you can be sure that Microsoft will make sure everyone knows that Linux screwed up the stock market. It needs to be rock solid and as flawless as possible.

Re:It better work.... (1)

TheMidget (512188) | about 13 years ago | (#2225070)

> Otherwise, you can be sure that Microsoft will make sure everyone knows that Linux screwed up the stock market

Yeah, and when the weather is bad, people will blame it on the guys who manufactured the weather forecaster's computer.

Re:It better work.... (1)

Unknown Bovine Group (462144) | about 13 years ago | (#2225093)

How true this is. 5 minutes of down time on the NYSE will make the evening news. This is a great point for Linux to be 'proven' to many people, OR for our beloved penguin to get much egg on his face.

good thing the didn't go LNUX (-1, Flamebait)

trollercoaster (250101) | about 13 years ago | (#2224966)

Or they'd be flat broke by now.

all... (1)

NewbieSpaz (172080) | about 13 years ago | (#2224967)

your investments are belong to us


NT? (1)

jammer 4 (34274) | about 13 years ago | (#2224969)

Didn't these guys switch to NT a few years ago? Now their switching to linux. Hehe cool....

Not NT, but Solaris (1)

pantherace (165052) | about 13 years ago | (#2225011)

In the article, it said, they are using solaris.

Re:NT? (2)

Luyseyal (3154) | about 13 years ago | (#2225071)

that was NASDAQ:

  • ho ts/nasdaq.htm
  • 56 706.html

Remove spaces from pasted URLs.


that explains it... (1)

metalhed77 (250273) | about 13 years ago | (#2225147)

that was NASDAQ [that switched to NT]

that would explain the stock pobs we've been having

Finally, a place for hackers... (3, Funny)

ameoba (173803) | about 13 years ago | (#2224974)

Finally, a place for hackers at banks that doesn't involve maintaining 30yr old Cobol programs!

Re:Finally, a place for hackers... (1)

TheMidget (512188) | about 13 years ago | (#2225084)

> Finally, a place for hackers at banks that doesn't involve maintaining 30yr old Cobol programs!

...and a place that doesn't involve writing buggy Java code under the direction of a short and shiny Andersen Consultant^H^H^HAccenture who amuses the crowd by getting entangled in the curtain cord during important business meetings...

COBOL runs on Linux (1)

wiredog (43288) | about 13 years ago | (#2225175)

So I wouldn't be suprised to see it there.

PHB: "We need a Linux programmer, want the job?"

Hacker:"Linux coding? Excellent! What'll I be doin?"

PHB: "Maintaining this 30 year old, undocumented, COBOL code"

Hacker: "AIEEEEE!!!"

I can tell you one thing..... (1)

BiggestPOS (139071) | about 13 years ago | (#2224976)

They sure as hell ain't using VALinux Hardware :)

Re:I can tell you one thing..... (0)

Anonymous Coward | about 13 years ago | (#2225108)

Then who's hardware will IBM use?

IBM (5, Insightful)

briggsb (217215) | about 13 years ago | (#2224978)

This illustrates the importance of having a big company behind Linux. Do you think RedHat or RMS could have convinced the SIAC to switch? Fraid not.

Maybe they can put some code in there to boost some of the Linux stocks now...

Re:IBM (-1, Troll)

Anonymous Coward | about 13 years ago | (#2225012)

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Re:IBM (0)

Anonymous Coward | about 13 years ago | (#2225072)

"Oh, and also for the record, he loves the cock."

Linux is dead my ass! (1)

manon (112081) | about 13 years ago | (#2224995)

They can say whatever they want. Linux will bloom people!

Re:Linux is dead my ass! (3, Insightful)

Junks Jerzey (54586) | about 13 years ago | (#2225122)

They can say whatever they want. Linux will bloom people!

Yes. But behind-the-scenes transaction handling has no connection to the desktop world. I am tired of seeing every article like "Home Depot to use Linux-driven cash registers" turned into a reason for zealotry.

Re:Linux is dead my ass! (1)

Unknown Bovine Group (462144) | about 13 years ago | (#2225123)

They can say whatever they want. Linux will bloom people!

What??? OH NO! We've all been DUPED! Linux is going to BLOOM PEOPLE! Pod people no doubt!

"It's.... PEOPLE! Soylent Linux is made of PEOPLE!"

(As far as your subject, I think you meant to say 'Linux is dead UP my ass'. That is, if Linux was the name of your pet gerbil.)

What the fuck happend to geekizoid? (-1, Offtopic)

Marvin_Runyon (513878) | about 13 years ago | (#2224997)

It has been down for days! What is going on ???

Re:What the fuck happend to geekizoid? (0)

Anonymous Coward | about 13 years ago | (#2225064)

It's also running the new version of Slashcode.

Re:What the fuck happend to geekizoid? (0)

Anonymous Coward | about 13 years ago | (#2225214)

They dont pratice what they preach. What ever happened to Slash for windows??

Not the firsr Sotock MArker of the world with Linu (2, Interesting)

GdoL (460833) | about 13 years ago | (#2224999)

A couple of years ago, we at the Portuguese Stock Exchange, started working with Linux. I don't know if it is still used. But it was meant to do a lot of work.

Big blue makes green (2)

m0nkyman (7101) | about 13 years ago | (#2225000)

Nice to see that the people running the NYSE know how money works, and that linux is good value.

Wow...score one more HUGE client for IBM. (2, Funny)

mystery_bowler (472698) | about 13 years ago | (#2225002)

By the way, this wouldn't happen to have anything to do with the semi-recent stock market crashes, reportedly due to NT? What was the final say on that stuff? Was it really NT?

Re:Wow...score one more HUGE client for IBM. (1)

ethereal (13958) | about 13 years ago | (#2225192)

For tech stocks, it was more like a stock market BSOD :)

Re:Wow...score one more HUGE client for IBM. (1)

cybrthng (22291) | about 13 years ago | (#2225209)

Most exchanges run on Solaris. NT is usually a file server or web server.

Re:Wow...score one more HUGE client for IBM. (1)

mcj (21934) | about 13 years ago | (#2225222)

Do you mean the operating system or Nortel Networks? (:


WOW (-1, Troll)

Anonymous Coward | about 13 years ago | (#2225004)

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Re:WOW (1)

Unknown Bovine Group (462144) | about 13 years ago | (#2225134)

Proof that the moderation system doesn't work:
WOW (Score:2, Insightful)

progress (2, Insightful)

Alien54 (180860) | about 13 years ago | (#2225005)

Well it seems that Linux will continue to make progress while MS continues with FUDware.

Especially since the Financial field uses alot of very custom made stuff, it is not like thay are just going to go with Access.

The hidden advantadge is that people with access to money will now have first hand experience with Linux, and this will expose any lies in the marketing spin that is out there.

- - -
Radio Free Nation []
is an independant news site based on Slash Code
"If You have a Story, We have a Soap Box"
- - -

Re:progress (1)

cybrthng (22291) | about 13 years ago | (#2225198)

Microsoft isn't what is being replaced, most likely Linux is replacing the tons of Solaris boxen they have/had running

Question... (0)

Anonymous Coward | about 13 years ago | (#2225006)

What is Linux?

Re:Question... (0)

Anonymous Coward | about 13 years ago | (#2225018)

No-one round here knows technical stuff like that...try a forum for computer users.

Re:Question... (1)

Unknown Bovine Group (462144) | about 13 years ago | (#2225146)

That question was answered here [] . Linux is an evil plot to bloom pod people.

Re:Question... (1)

Xlr8r (456404) | about 13 years ago | (#2225055)

It's the U.S. government's new space program...
No wait, it's sort of like the George Foreman Grill.
Or was it the beginning of the downfall of M$ :)

Re:Question... (0)

Anonymous Coward | about 13 years ago | (#2225135)

It's a steaming pile of Sh**!

Re:Question... (0)

Anonymous Coward | about 13 years ago | (#2225205)

Just go to They'll answer all your questions.

SIAC not SAIC (3, Interesting)

edwardd (127355) | about 13 years ago | (#2225010)

NYSE is supported by SIAC, not SAIC. SAIC is "Science Applications International Corporation".

With NYSE making this move, it's very likely that AMEX, NSCC & GSCC will eventually make this move as well, since they are all supported by SIAC.
- Former SIAC consultant

I liked this comment (1)

ThePilgrim (456341) | about 13 years ago | (#2225014)

Linux's strong debut on Wall Street is giving the software its biggest boost so far. Numbers of large companies and universities over the last two years have shifted their computer systems to the software developed by Finnish programing whiz Linus Torvalds.

Does this mean that Linus does all his best coading on speed

Re:I liked this comment (0)

Anonymous Coward | about 13 years ago | (#2225045)

uuh no, it means that you're a goddamned idiot who has no clear grasp of the english language.

you spell coding as 'coading'?? Christ you are dumb.

Re:I liked this comment (1)

ThePilgrim (456341) | about 13 years ago | (#2225061)

dumb: no

digitaly chalanged: yes

Oh and if you realy feal that strongly about somthing please have the decency to log in so we can judge the level of your technical compitance

Re:I liked this comment (1)

Unknown Bovine Group (462144) | about 13 years ago | (#2225165)

Well I didn't post it, but I'll second it. "Digitaly chalanged"? WTF? You have no fingers? you're SPELLING challenged. It has nothing to do with technical "compitance".

Here's a clue:
Of your three words Dumb, Digitaly, and Chalanged, the only word you spelled correctly was DUMB.

Windows users (1)

jtseng (4054) | about 13 years ago | (#2225019)

I would be interested in seeing if IBM or someone else could convince people to convert over from Windows systems. For years it's been people going from Unix to Windows - going the other way would be the real trick.

Big Blue? (1)

Filberts (35129) | about 13 years ago | (#2225020)

I love IBM. They seem like they have their hooks into everything. This is wonderful press for for the linux community, as the NYSE is sacred to a lot of people. I have faith that the International Brotherhood of Machinists will do their best to make everything run smoothly.

Everybody on the Band Wagon (1)

Genoaschild (452944) | about 13 years ago | (#2225021)

I can understand why IBM and other companies are jumping on the band wagon, less depency on one company so that that company can't control the marketplace. As a consumer, that is not my reasonong. I just want something that won't crash and give me the stability that I want without being too bloated(if you configure LiNuX right, it won't be bloated.) It's a great idea and since no single company really owns Linux, it is extremely hard(not impossible) for one company to control the Linux marketplace. The more people we get to jump on the Band Wagon, the better we are off. More people will develop software for it which encourages growth by giving more of a reason to switch which increases demand and causes for software to be developed. If MSWord, Excel, etc. came onto Linux and had better printer support, more businesses would swith even if for the extra stability and better networked capabilities.

Joe Trader clinet software (1)

rwuest (2452) | about 13 years ago | (#2225025)

Congrats to IBM, but, this will get much more interesting when client software for traders and average investors (like my Dad) is available as part of a Linux desktop solution. Then masses can switch, not just a few institutions (not to minimize the import of this, but getting to the user's desktops is _my_ real concern). This is a critical piece of the desktop stranglehold microsoft has at this time.

does this mean..? (0)

evil_spork (444038) | about 13 years ago | (#2225028)

Does this mean we can expect database crashes every couple of days like on Slashdot? I sure as hell don't trust a shitty operating system written by a bunch of unhygienic GNU hippies with my investments, nor would I trust them with my company's stock if I were listed. Just another reason for companies to go to the (far superior) NASDAQ. This is another nail in the coffin for the big board.

Nasdaq uses NT.! (1)

metalhed77 (250273) | about 13 years ago | (#2225166)

so you won't need to worry about that, just l337s hacking into it and deleting all records of stock ownership.

Not bad, but not as big as one might think. (4, Insightful)

Thomas M Hughes (463951) | about 13 years ago | (#2225030)

Graham says SIAC converted to Linux quickly because of the software's open, flexible nature. "We were able to port our Artmail application in about two-and-a-half days," Graham said.

I would speculate they weren't running NT before if it was that easy to port their software over. So this takes a chunk out of the proprietary Unix market, sure, but if we were to consider this a Zero Sum game, Unix loses, Linux gains, Microsoft doesn't change a thing.

Now granted, other Unix shops might now say 'Well, if the NYSE does it, we can do it too!' But the Microsoft market won't feel any pressure from this until there is a similar porting comment when coming from a Windows shop.

Re:Not bad, but not as big as one might think. (1)

Chouser (1115) | about 13 years ago | (#2225082)

No need to speculate:
SIAC's Artmail applications previously ran on Sun Microsystems Inc. (SUNW) servers that used Unix. But they will now run on IBM Linux servers linked to an IBM mainframe system.
Some people have been saying "Unix is dead", and looking to MS's "New Technology" as being an improvement. This just shows, to those companies that are willing to see, the benefits of using a standardized OS like Unix -- you have options. If they had been using NT, they'd be a good deal more stuck than they are. Smart organizations can learn from this and choose to avoid NT.

Re:Not bad, but not as big as one might think. (2)

BradleyUffner (103496) | about 13 years ago | (#2225128)

but if we were to consider this a Zero Sum game, Unix loses, Linux gains, Microsoft doesn't change a thing.
I thought the whole point of linux was the create a better, Free OS. Not to hurt other OSs. Sure, this doesn't hurt windows, but who cares? Linux is here for Linux's sake, not to crush all other choices. With that in mind this is deffinitly a win.

Re:Not bad, but not as big as one might think. (4, Insightful)

bockman (104837) | about 13 years ago | (#2225163)

I would speculate they weren't running NT before if it was that easy to port their software over.

They where using Solaris on SUN HW (it is said somewhere else in the article ).

Yes, they are replacing expensive UNIX machines with less expensive(?) Linux boxes, plus a bunch of proprietary software (Tivoli is mentioned), plus an IBM mainframe (also mentioned in the article) presumably running IBM mainframe OS (can't remember the name) with mayby Linus as 'Virtual OS' of each 'Virtual Machine'.

It is interesting that IBM did not propose their own version of Unix. Maybe it is true that they are dropping it in favor of Linux. Or maybe it is because AIX does not run on Intel CPU (or it does?) and would have made the deal much more expensive.

Surely they have managed to badly hit SUN, both on money and on PR level. En passant, they have managed to promote Linux as a valid (and most of all cheap) platform on which build proprietary solutions. One could hope that other UNIX vendors (including SUN itself) follows and that Linux can become really the 'Unix Defragmentation Tool'. It would be something, at least.

Re:Not bad, but not as big as one might think. (1, Funny)

Anonymous Coward | about 13 years ago | (#2225221)

plus an IBM mainframe (also mentioned in the article) presumably running IBM mainframe OS (can't remember the name)

OS/390? No, it'll probably be running Linux. Maybe as a bunch of VM's, or maybe on the bare metal

) with mayby Linus as 'Virtual OS' of each 'Virtual Machine'.

How does Linus feel about this? I've heard Alan Cox scales better on heavy iron by the way, maybe they should just throw him on the VM's

It's ironic, but it's cool (2, Insightful)

xcomputer_man (513295) | about 13 years ago | (#2225032)

I guess it becomes interesting now that one of the nation's largest financial institutions is running on free software. I think this is going to make a very powerful case for open source software in both small and large businesses, and even in market places where big money is traded. It means that finally the big guys are beginning to realize that stability and reliability are more important than unstable fads and fuds. (note my pathetic pun).

Oh yes, for the sake of redundancy, I will repeat that earlier post: All your investments are belong to us!

IBM tired of Microsoft? (1)

Uttles (324447) | about 13 years ago | (#2225033)

It looks like IBM may be using Linux as a weapon against Microsoft. That's fine with me, hopefully when the powers that be see the power of Linux they will put in motion an effort to get more resources involved in Linux development. IBM could be sparking a pretty serious fire that M$ may have a hard time putting out.

Re:IBM tired of Microsoft? (2)

Ian Wolf (171633) | about 13 years ago | (#2225119)

IBM is playing the game much smarter than that. By openly embracing Linux, IBM is using Linux as a club against ALL their competitors. If your a large corporation who's looking for the answer to a complex business issue, who would you go to? IBM unlike any of their competitors has the ability to sell their customers what ever they want. Want mainframes?, IBM's got 'em. Want Windows desktops?, IBM's got 'em. Looking for inexpensive Intel boxes running Linux?, IBM's got 'em. Want all three and support for them? IBM's got that too. Couple these offerings with DB2, Websphere, MQSeries, Tivoli, and Domino and IBM has the most impressive stable in all of IT.

It isn't just Microsoft that need worry. Compaq, HP, and Sun should be taking careful notes. In fact, I hope they do, because choice is good.

How much is switching? (1)

pantherace (165052) | about 13 years ago | (#2225038)

The article said, certain key elements would be switching to Linux from Solaris, implying that some of it will still run on Solaris.

I believe none on NYSE is run by NT, and the only SE that is run with NT is Nazdac (sp?) via a custom deal with MS.

SAIC (2)

wiredog (43288) | about 13 years ago | (#2225047)

Science Applications International Corporation [] is not siac [] . SAIC is much spookier. You need a hairy security clearance for much of the stuff they do.

Re:SAIC (2)

dhamsaic (410174) | about 13 years ago | (#2225065)

hey dude, we're not spooky. we're good peoples :)

now, you *do* need a security clearance for a lot of shit we do... but i'd venture to say that we're actually much cleaner than most other defense contractors out there (and we're not all defense anymore! only like 40% of our business comes from the government).

Re:SAIC (2)

wiredog (43288) | about 13 years ago | (#2225080)

Didn't you used to do alot of stuff for CIA and NSA? Or am I thinking of PRC?

I work for a DOD contractor [] (hooray! A dod contractor during a republican administration!) myself, that clearance does make me much more employable.

Re:SAIC (2)

dhamsaic (410174) | about 13 years ago | (#2225103)

i personally do a lot of work on a contract for disa [] . saic has done so much stuff in the past... i myself am not aware of any work we've done for the cia or nsa, but it wouldn't surprise me either.

people seem to think that defense contractors are doing all this evil, secret stuff. man, i wish it was that exciting :) if we were doing stuff for nsa or cia, it was probably the boring shit that they didn't want to do themselves.

yes, the clearance is very very handy. and at only 20 years old, i didn't have to fill out nearly as much paperwork...

lucky you (2)

wiredog (43288) | about 13 years ago | (#2225130)

I'm 36 and have a history of drug and alcohol abuse. Makes for lots of paperwork. If you're honest on the paperwork there's no problem getting the clearance.

We do lots of stuff for DMSO. Not evil, or particularly secret, but it is fun. Getting data that's been saved in a zillion formats over the years converted to XML and stored in oracle dbs and allowing web access to that same data. We're so buzzword compliant it's painful.

Re:lucky you (2)

dhamsaic (410174) | about 13 years ago | (#2225197)

heh. 20. never done drugs. don't drink alcohol. biggest pain in the ass is listing people i knew at every place i've lived.

one thing you definitely don't want to do is lie. had a friend, wanted to join the marines... filled out that he had a clean record, even though he'd been marked as an accomplice in stealing a car (he didn't steal it - rode in it and knew it was stolen, though) - i was like "they're the fucking U.S. government - they're gonna know!" - needless to say, they did :) definitely need to tell the truth. they need people they can trust more than anything...

i don't know how long i could do stuff like reformatting data. i just got done a big project that included a lot of patches to solaris 2.5.1, and they needed to have the special installation instructions for relevant patches formatted a special way... that was a damn boring day :)

Whoa! (1)

KaosDG (85348) | about 13 years ago | (#2225051)

Considering i used to work at SIAC, with the IT departments, its pretty cool that they made it onto slashdot.

I know they were a mixed shop between OS/2 Warp Server, Novell and NT (At least on the Desktop/Application server level). I had the privilege of helping convert from Token Ring to Ethernet and OS/2 Warp Server to NT Server (Post Trade Development / PTSG if Anyone from SIAC is reading)

Re:Whoa! (0)

Anonymous Coward | about 13 years ago | (#2225161)

*** Guys, its exactly this kind of fake excitement which makes Linux so over hyped. ***

I worked at SIAC in Brooklyn for 1.5 years (on part of Display Book) - entirely on HP UNIX boxes. But they also had a lot of Tandem kit and even a few PCs! [I don't recall any Suns.]

What we're talking about here is 'one' of the broker systems moving to Linux (for people who can't afford anything else). Its no big deal. We're NOT talking about the Stock Exchanges 'Display Book' application - which is the one that billions of shares trade through every day.

So, great for Linux - another bunch of users running a client/server application - but is not central to the USA economy.

Old News? (1) (450073) | about 13 years ago | (#2225062)

Unfortunatly I don't have a link to post, but I read about this on LWN [] (like a month or so ago) that they were already running (mostly) Linux in the back-end of the shop. Someone please correct me if I'm wrong...

A poem for all of you... (2)

tenzig_112 (213387) | about 13 years ago | (#2225069)

A tech industry on its knees.

Investors wiping dot-com bubble remains from their faces.

Linux IPOs failing, bankruptcies in the offing.

"The NYSE moves to Linux."

The irony is palpable. []

Re:A poem for all of you... (1)

ptomblin (1378) | about 13 years ago | (#2225125)

Why do you think Linux IPOs were all on NASDAQ?

Re:A poem for all of you... (2)

Znork (31774) | about 13 years ago | (#2225178)

Well, with NASDAQ running on NT, it's no surprise it's been going down a lot over the last year...

FUDproof!! (2, Insightful)

mshiltonj (220311) | about 13 years ago | (#2225077)

From the article:

"Stock trades are one of the most sensitive, secure and important kinds of transactions that exist,? said John Patrick, vice president of Internet technology at IBM. ?This deal has removed any doubt that Linux is ready for the mainstream and that it can play a major role in electronic businesses of all kinds and sizes."

This is not something I was expecting. Wonderful news! Linux can no longer be dismissed as a 'hacker' or 'hobby' operating system. It's industrial-strength!

LUSER: "You use Linux? I read in Micosoft Press Release Daily that it's not a real operating system, it's not reliable ...."

ME: "Yeah, well, IBM and the NYSE doesn't think so. You're fund manager trades your stocks over a linux-based network."

Where does MS go from there?

Re:FUDproof!! (4, Funny)

The_Messenger (110966) | about 13 years ago | (#2225091)

Simple... coming soon to an MSN owned subsidiary near you: "NYSE Trading Systems Unreliable, says Independant Mindcraft Report."

Here's a nit to pick (2, Informative)

agutier (471583) | about 13 years ago | (#2225089)

Will Linux be Wall Street's next killer app?

Isn't it the other way around?

Let's just hope. (0)

Anonymous Coward | about 13 years ago | (#2225160)

Let's just hope the headline doesn't read Linux kills Wall Street.

As if the market wasn't bad enough already.

Product of Artruism Became Backbone for Capitalism (1)

Taco Cowboy (5327) | about 13 years ago | (#2225101)

Once again, life is more interesting than fiction.

Who would think that a product of collective artruism - Linux - will ever becomes something that oils the machine of Capitalism ?

unfortunately, this is just one battle (4, Insightful)

kootch (81702) | about 13 years ago | (#2225126)

WAY too many financial institutions use M$ languages and OS's for their internal users... like customer support and other operations centers. VB applications abound...

I've found that the best way to get companies to move away from M$ programming languages is to suggest the portability and standardization and other benefits that occur when you start making your apps available through a web interface. Then, as the developer on that project, keep everything as cross-platform, cross-browser as possible. Once the frontend/interface doesn't require a M$ language to support it, there becomes less of a reason to stay on the architecture.

In addition, this approach is becoming much more successful since EVERYONE is trying to cut costs... and what's a better way to cut costs then eliminate the need for costly M$ licenses?

Re:unfortunately, this is just one battle (2)

cybrthng (22291) | about 13 years ago | (#2225223)

This switch probably as 1% to do with Microsoft software. The exchanges are run on Solaris machines. While solaris/sun hardware WAS expensive this appears to be a waiste of resources and time.

For one the TCO of solaris media/operating system is 0 - you can download from, much like linux is 0.

Hardware market is so cutthroat that a Sun server doesn't cost anymore then an X86 based counterpart.

so whats the big deal? a migration to open source platform? You can download the source to solaris.

ahh the financial industry... (2, Interesting)

Doctor_D (6980) | about 13 years ago | (#2225154)

I used to work at a small mutual fund company where the network admin got to deal with SIAC for a project. It seemed as if they were a big mainframe shop and the network admin ended up creating a translation dictionary between industry terms and SIAC terms. Let's say (not accurate for obvious NDA reasons), they would say something like street and ths would mean to us ethernet cable.

It was fun working with them. Once we had that translation dictionary sorted out we fully understood what they were telling us.

But more to my main point, is that I'm happy to hear they're going to use Linux, but most financial institutions would run linux anyway. Mainly due to admins with tiny budgets. Like I was given 6 grand to put up a development database server. No way I could afford licenses of Sybase for a Sun box that would cost me that much (even though I would have preferred Solaris), I wound up getting a dual processor VA Linux Systems box and then downloaded Sybase Adaptive Server for Linux (license is free for development use). So I got a pretty nice performance development database box and didn't go over budget.

Needless to say when I left working at the mutual fund company they had more linux systems than HP 9000's or Sun Ultra Enterprise's put together. Granted I met with a ton of resistance to put the first linux box into place, but then management got used to being able to do stuff on the cheap, so more low budget projects kept creeping up, which meant more linux boxes to do the work.

Linux's ultimate test (2)

MtViewGuy (197597) | about 13 years ago | (#2225171)

It's going to be interesting to see if IBM can get Linux to work on the computers that run the New York Stock Exchange.

This by the far the ultimate test of Linux itself in a commercial environment, given that NYSE share volumes run into the billions of shares traded per day. I wonder will the 2.4.x kernel be ready to handle this massive load, one that used to be handled by proprietary UNIX variants and IBM's MV/MVS.

dejavu all over again ... how ironic (2)

beanerspace (443710) | about 13 years ago | (#2225179)

I remember 15 years ago, while still working with a Wall Street firm. I was visiting a programming friend at another shop, who amazed me with some wild stuff he was doing on a Sun. I asked him, did he think that the industry (we didn't use hip terms like "the street") would shed the IBMs mains and VAXen minis for a Unix-based platform. He turned to the screen and ran features on his creation that we only dreamed of on these other systems. Alarms, alerts, graphics, etc ... stuff that even PDAs can do now.

Now, well away from Wall Street, and away from the buzz, I wonder how many back rooms are filled with geek projects running on Linux, the same way they were being hacked out on Suns 15 years ago ? If it is what I suspect it might be, then Mr.Gates has a problem that can't be factored with FUD.

As I recall, it was financial apps like VisCalc and Lotus 1-2-3 that greatly aided the PC revolution. Likewise, as business men and women endured dragging sowing machine size luggables around airports, the portable industry grew.

Could it be that an operating system, such as Linux, and all that it offers in frugality and flexibility, is indeed the killer app ? If so,
how ironic that it appears that big-business may be aiding of all things, the Open Source movement.

Is this MSFTs Vietnam? (2)

RNG (35225) | about 13 years ago | (#2225181)

I think with the publically recognized adoption of Linux for large, mission critical systems, Microsoft may well face it's Vietnam. The fact is that financial institutions and stock traders are amongst the most risk averse crowd there is (in terms of IT/infrastructure decsions). If Linux has come far enough to win over wall street firms for high volume trading systems, it spells trouble for MSFT (and the other high-end proprietary UNIX vendors (who IMHO have other problems of their own)) simply because the choice for a server architecture doesn't default to Windows vs big Unix anymore.

The bad part of this is that it took MSFT 20+ years to get where they are; it will probably take another 20+ years for them to be relegated to insignificance (in terms of their influence on the market).

However, it's announcements like this which show that major institutions are now beginning to see past the FUD of 'not proven', 'no support', 'not scalable' and 'not stable'. Of course, there will still be myriads of clueless CIOs who believe the FUD, but it's data points like this one which will play a role in converting even this crowd. After all, (we all know) Linux is stable and you can't really beat the price. It's funny/ironic though that by time Linux became viable, MSFT for the first time in 20+ years actually got their act together and produced a reasonably stable system (Win2K). If guess competition is good for something after all ...

world domination (2)

BroadbandBradley (237267) | about 13 years ago | (#2225187)

does running the stock exchange data equal world domination?

it's a happy day for the penguins!!
desktops/pda' we come.

The main problem is... (1)

GiorgioG (225675) | about 13 years ago | (#2225190)

Linux isn't making any inroads at small/medium sized companies. I work at a company that develops Lotus Notes apps and expanding into M$ territory and keeping an eye on Linux for the future. Most of our clients don't even know what Linux is...Sure, IBM is pushing Linux, but most small companies can't afford a Linux/Websphere solution.

"a hot new beachhead with financial institutions"? (0)

Anonymous Coward | about 13 years ago | (#2225202)

Should already have done that, it's free...

bad marketing perhaps?

Trading Systems at SIAC... (1)

cporter (61382) | about 13 years ago | (#2225204)

Run on hardware like Himalaya Non-Stop [] servers, now part of Compaq, and a hodgepodge of other high-availability and clustered systems. Lots of Data General, too. Not sure what these systems are that were formerly Sun now going to iBEAM.

The exchange needs systems that won't ever be down during the trading day. Not to disparage Linux: it's the hardware that's at issue. NYSE needs systems that you can pull a disk controller or system board out of and not interrupt services. Even if said board is on fire, the system can't go down.

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