- Jan
- 04
- 2008
- 9:54 AM
Open source, where you least expect it
- By: Ray Pellecchia
- File Under: NYSE
Another catching-up piece, this one for you techies out there. Similar articles ran in many other industry publications. HP Linux servers bolster NYSE trading app (searchenterpriselinux.com) Excerpt:
In a rare glimpse into a mission-critical Wall Street IT operation, the New York Stock Exchange (NYSE) has confirmed that it recently purchased roughly 600 Hewlett-Packard Co. servers in support of its Linux-based online trading system.
NYSE introduced the electronic trading system, the NYSE Hybrid Market, in October 2006 to allow investors to buy and sell stocks on the trading room floor and via the Internet. The NYSE Hybrid Market now handles more than 500 million messages a day, requiring more servers and storage, said Steve Rubinow, the chief information officer at NYSE. ...
. . .
"We have thousands of servers, and we are trying to architect our applications to make them more efficient, which starts with the software," Rubinow said. "If you have inefficient software, you end up throwing more hardware at it."
NYSE uses Linux because it's a more flexible and cost-effective operating system than most other options, according to Rubinow.
"We favor Linux for what we do. We don't want to be beholden to any one [hardware or software] supplier, even if it is very good. We want the freedom to be vendor-independent, so Linux was a good choice," said Rubinow.
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