Reuters boost for Linux


Reuters boost for Linux

Eric Doyle
Reuters, a major player in market data delivery systems, is promoting Linux for the specialist needs of financial institutions.

It plans to introduce a system based on Hewlett-Packard and Intel platforms running Red Hat Linux.

With many trading rooms being based on Unix, a migration to Linux and Intel offers a way to cut costs in hardware, software and operating system licensing, said Mark Hunt, director of enterprise product marketing at Reuters.

The companies are working together on the porting, testing and optimisation of the Reuters Market Data System (RMDS).

On its release, Reuters Consulting and HP Services will work together to help customers to gain maximum benefit. The installation team will offer services including an initial review and application audit, development of the Linux application architecture and migration, leading to life-cycle support.

The system is already being seen as a positive step by Morgan Stanley, an early adopter of RMDS. "Linux on Intel is an important evolutionary platform for Morgan Stanley," said executive director Tom McDonald.

RMDS will use multiprocessor servers based on Intel Xeon or Itanium processors. These will form the backbone of the back-office system and allow customers to re-evaluate their desktop systems, said Hunt.

"Windows is still widely used on desktops but we may see more use of thin clients with browsers to take the application weight off the desktop," he said.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy