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Jul-2008

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Sam Dean (1)
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groundwork (1)
linux (1)

The Finance Sector: Open Source Rising

This morning I sat back and noticed the increasing rate at which I am getting notices about open source software making big headway in the trading and financial services industries. For example, the folks at GroundWork Open Source--which does commercial open source and network management software--sent me notice of these brand new customers of theirs: Prager Sealy, Commonwealth Financial, National Australia Bank, Royal Bank of Canada, Stark Investments and Sterling Savings Bank. Also, this post from The Linux Foundation provides an eye-popping look at big trading exchanges now running Linux. One of the big drivers for this trend, I think, is how even minute reductions in the cost of transactions can be huge cost savers.