October 14, 2002

Linux to move center stage in securities server market

Anonymous Reader writes: "Linux use is forecast to grow at an annual rate of 22% in the North American securities server market between 2002 and 2005, outpacing Windows 2000, NT and Unix deployments over that same period, according to TowerGroup estimates. The analysis comes as no surprise. With IT budgets tightening, Linux offers banks a portable, low-cost alternative to proprietary operating systems. The technology has already proved its mettle at a high number of high-profile Wall Street installations. Merrill Lynch has identified savings of up to 44% on projects employing Linux, while Morgan Stanley plans to move 50% of its computer payload to the free operating system next year. Linux also has powerful backers in the technology industry. IBM recently previewed a planned $1 million investment in a new Linux centre for City firms in London, complementing a sister facility which recently opened in New York. See:
Linux ready for lift off"

Link: Finextra

Click Here!