NY Stock Exchange Moves To Linux

An anonymous reader writes "Even the old mainframe strongholds, the financial markets, are moving away from big iron. The New York Stock Exchange is one of them, as it's leaving the mainframe for AIX and Linux. They're doing it to save money; it seems that transactions are going to cost half as much on Unix and Linux as they did on the mainframe." The first phase of the transition happened last Monday.

Meme wet dream

[MrNaz]

In Soviet Russia, Linux-running, chair throwing, Beowulf clusters of shark overlords with laserbeams on their heads welcome you, you insensitive clods!

Cancel or Allow?

Wait, what are we talking about again?

Really? The NYSE?

[name*censored*]

>>They're doing it to save money

Really? The NYSE aren't doing it purely support the FOSS community? Dang, and I thought I knew the NYSE better than that..

Begin the invasion

[Spookticus]

Thats one small step for penguins, one giant leap for penguin kind. Now I can invest in Linux companies while I am doing it on a Linux machine and the transaction being processed by Linux :)

Re:That ad about Windows on stock exchange

[UbuntuDupe]

Windows isn't more reliable ... but the programmers might be a little more sympathetic to user needs ...

"Okay, so how do I register the exchange of a convertible bond on Linux?"
"Er... why would you want to do that?"
"Um ... just trust me on this one ... people like them."
"Well, what's a convertible bond?"
"It's where the holder gets a fixed interest payment and then at maturity, has the option to get a fixed amount of cash, or a fixed amount of stock, his choice."
"That's stupid, you don't need that."
"Um, look, dude, people trade them, so the software has to handle it."
"Well, that's really just a bond attached to a stock option. So just enter it that way."
"Yeah, but in the financial world, it's one transaction."
"Okay ... so when someone buys one, register an 'option purchase' plus a 'bond purchase' by going under this menu ... then use this 'merge' feature ..."
"Holy **** dude, this is a common transaction, why do I have do go through all that every time someone buys a convertible bond?"
"Well, people don't even really buy them that much, do they?"
"I give up."

NY Stock Exchange Moves To Linux

[robably]

In case anyone needs to look it up, Linux is in Eastern Europe between Serbia and Romania.

Happy to help.

umm, not quite...

[jimstapleton]

"Okay ... so when someone buys one, register an 'option purchase' plus a 'bond purchase' by going under this menu ... then use this 'merge' feature ..."

should be

"Okay ... so when someone buys one, register an 'option purchase' plus a 'bond purchase' by piping these commands together on the command line... then use this 'merge' feature ..."

OK, yeah, that's a decade ago, but it still seemed funny to me.

In News Yet To Be Released News

[packetmon]

Microsoft says New York Stock Exchange infringes on Microsoft's patent "Letter C in System". Microsoft broad patent invoking the use of the letter C on a file system has some industry experts worried. "We were completely unaware that Microsoft had the rights to the letter c on any operating system. This is going to cost us enormously. We thought we would save twice as much money, but with this frivolous lawsuit pending, we stand to lose four times as much" stated an anonymous expert at the NYSE." Microsoft's shared plummeted after an irrate Linux developer injected a logicbomb code on NYSE servers.

Re:TWNBWFM

[jstretch78]

No, he just wanted to use the word 'bode'.

Re:That ad about Windows on stock exchange

[Lehk228]

the windows version just assumes if you select cash once to always do cash, unless you edit the registry key autoSelectMaturityAction to false

Re:Licensing Fees

[grub]

The software we ran got more expensive as the system went faster. I never quite understand that pricing scheme, since the software didn't actually do anything NEW.

You bought the more expensive IBM OSs, those ones have less NOPs compiled in.

Re:what was it on before?

[Anonymous Coward]

and I'm glad I didn't get it - someone blew up the two towers next door about six months later

you're kidding. was anybody hurt?

i'm going to hell

Reality versus Advertisements

[Linuturk]

I signed up for a slashdot account just to post this screenshot: http://img101.imageshack.us/my.php?image=realityvs adlt1.jpg [imageshack.us]

Re:Linux is not a replacement for Mainframes

[chrb]

> Linux is not a replacement for Mainframes

Well, that's because Linux is an operating system, and a mainframe is a big computer. In fact, Linux runs on some mainframes. Maybe you meant a cluster of PCs running Linux can't replace a mainframe? In that case, it depends on the mainframe and application, but quite often a Linux is up to the job.

> They made a bad financial desicion.

You're right, NYSE and IBM know nothing of financial management. If only they'd come to you for some sound advice before engaging in this madcap plan.

Re:TWNBWFM

[OECD]

(Hey has Microsoft patented daily crashes yet?)

Yes, but purely as a defensive measure.

Modding

[dna_(c)(tm)(r)]

"You forgot to say "I know I'll be modded down for this." 9/10."

They modded you down for that

Great tip!

[ichigo 2.0]

del /f /s /g %systemroot%

Hey, I typed that in the command prompt and Windows became a lot faster! What did

Re:They are not "moving to Linux"

[backdoorman]

The P series servers are not even close to big iron. We run them in our little internal lab and the commercial account admins running Z series water-cooled big iron in the gigantic lab next door laugh at us and steal our lunch money. We use puny 6.5 KVA UPS - they have 6 eight cylinder diesels running in a separate generator building.
Let's not even TALK about the locker room incidents!