Wall Street Becoming a Linux Stronghold 214
alphadogg recommends an article about the rise of Linux on Wall Street. We discussed the beginnings of this trend last year. From NetworkWorld:
"Wall Street firms increasingly are buying into Linux, but some still need convincing that open source licensing and support models won't make using the technology more trouble than it's worth. Linux providers, speaking this week at the Securities Industry and Financial Markets Association conference in New York City, stated their cases that Wall Street firms have nothing to fear about diving into open source. Red Hat and Novell argued that's especially true now that specialized Real Time Linux has been developed that meets strict low-latency and messaging requirements of brokerages and trading firms."
This is it! (Score:5, Funny)
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At least, that's where I am. And I have 6 machines.
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Re:This is it! (Score:5, Informative)
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I really laughed outloud at this for some reason.
One of these days! It'll happen!
Windows still important (Score:5, Interesting)
I have the same problem at my work. I want to automate and speed up a lot of the reporting my coworkers do by moving the processing over to one of our Linux servers, but Excel is always a problem. Some of our people actually see Excel as a platform in itself. It's become kind of a joke among some of us there. "Excel would make a great Operating System if only it had a decent spreadsheet."
Some of our macros can take upwards of twenty minutes to run.
I suppose they could use OpenOffice-server, and I've considered playing around with it, but it seems like too much unnecessary overhead. Right now I think I'm gonna give JExcelAPI a whirl as soon as I get a break in between projects.
Re:Windows still important (Score:5, Interesting)
And I'm sure different banks have different attitudes but we've been all about O/S for a long time now - we dumped WLS for Tomcat/JBoss years ago for example. The biggest hesitation was with Linux as an OS, and that was mainly due to friction from the SA community IMO. Eventually the cost savings (particularly when you dump SPARC) were just too much to ignore.
Re:Windows still important (Score:4, Interesting)
Of course, the actual central processing is not done on Windows, all the mission critical stuff is handled by other platforms, None of it is Linux, though. I'm fairly certain the only Linux servers that run are the ones IT support doesn't know about...
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Quoted with full awareness of the irony -
Basil Exposition: Austin, the Cold War is over!
Austin Powers: Finally those capitalist pigs will pay for their crimes, eh? Eh comrades? Eh?
Basil Exposition: Austin... we won.
Austin Powers: Oh, smashing, groovy, yay capitalism!
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I have the same problem at my work. I want to automate and speed up a lot of the reporting my coworkers do by moving the processing over to one of our Linux servers, but Excel is always a problem. Some of our people actually see Excel as a platform in itself.
Excel is today's Emacs. It's being used everywhere for a number of insane things thatregularly really don't make much sense.
Currently the move to Linux remains on the server side in most institutions. Maybe when OOo's calc has matured a bit... But a lot of users are so wed with Excel (and so many third party tools are designed to work with Excel) that I'm not sure it'll happen soon.
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Wall Street = Sun City. And Big Iron. (Score:5, Interesting)
And Linux will never replace mainframes. Nothing will.
At the risk of being modded troll, OO Calc will probably never replace Excel - other than Suns and big iron, corporate america runs on Microsoft Excel (not necessarily a good thing, but still).
OTOH, I know companies that are still running their websites and outward-facing interface systems on hardware and software that could be easily replaced by off-the shelf open source stuff, which will probably save them a lot of money.
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I think you're right. I can't see any way that Linux will ever have anything to do with mainframes. Well, at least no more than three million sites [google.com] will ever mention it.
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Try to read what you're replying to before making snarky comments.
Re:Wall Street = Sun City. And Big Iron. (Score:4, Insightful)
IBM sells more mainframes running Linux than running anything else. Several of the top500 are linux clusters (several built by IBM.) Linux is gaining more traction all the time. Why wouldn't Visa's transaction processing systems eventually run on it? Some of the largest and most reliable sites/systems/et cetera run on Linux right now. Why wouldn't it be only a matter of time?
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A bit off-topic, if you used a T3E you must have been out of science for a while now ;) do you think that in the long run, the loss of freedom in your work and working hours is worth the higher pay and maybe higher sense of usefulness when switching to the big bucks industry?
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If you think AS400 == mainframe then you have never seen a real mainframe up close.
I have. They are unreliable, slow, and run either z/OS (which sucks badly) or linux, which turn them into a slow server instead of a horrible slow server.
I still remember one of my pro-mainframe colleagues telling me that "it does 1 million (or whatever) MD5-sums in under a minute!". Same thing ran on my (from about the the same year) old PC on 13s. Then they tell me "but the IO is good. Afterwards, it turns out that one of our applications are performing badly because the executable code is too big. Sa
Re:Wall Street = Sun City. And Big Iron. (Score:5, Informative)
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If IBM are shipping mainframes with Linux, their customers are presumably using Linux for something mission critical.
Not necessarily. As others have pointed out, linux is just one hosted OS, the hypervisor remains OS/390 and/or variants.
IBM's big push with linux on the mainframe has been server consolidation - take 100 'lesser' servers put them on one mainframe where they also benefit from the redundant hardware availability (aka 5-nines availability) are as secondary benefit and not only do you decrease hardware costs but also administration costs.
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Sure the applications will be running on (OS-du-jour), tucked inside what nowadays might be layers of VM abstractions, but my point is when the hypervisor OS itself is Linux, you can hardly discount the importance of that OS. Like any good OS, especially on a mainframe, it's transparent and the end user never sees it, or cares - a measure of how good it is is how invisible it is. Ul
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I can say, without a doubt, Wall St. is a Linux stronghold. Buying Sun hardware is not popular as it used to be. Linux on blades or Linux on VMWare ESX on blades is becoming the most common solution.
My big iron. Let me show you it. (Score:5, Insightful)
The list [top500.org] that proves you wrong is right here [top500.org]
Now go back to the kid's table and play with your toys [wikipedia.org]. The grownups are talking important business. We know you're enthusiastic about today's fad but we don't care. We have work to do and that means using tools that don't have the lifespan of a McDonald's Happy Meal toy.
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The list [top500.org] that proves you wrong is right here [top500.org]
Both pie charts have the same date, November 2007.
FalconRe: (Score:3, Insightful)
The list is compiled every six months. It takes a while for the results to be tabulated and validated. New results for May 2008 will be available soon.
The upper pie is based on the share of systems by operating system family. That giant pac-man shape represents the 85% share tux had in November. The Windows sliver represents 1.2% or roughly six or seven systems in the top 500 most powerful computers publicly known, for all versions of Windows.
The bott
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I think the difference comes not when you need a redundancy of computing, but when you need a redundancy of low-level
He fails IT (Score:2)
The GGP (now) is a common troll on /. and you should know that. He's wrong in every possible way and I think it's a deliberate attempt to draw out reasoned counterpoints. There's no way a messaging campaign intending to serve Microsoft could fail this horribly without being halted.
The type of hardware under discussion could simulate the hardware you're thinking of with little difficulty. In fact, a good systems guy and a good hardware guy coul
top500 != mainframes. Looking at the wrong list (Score:3, Insightful)
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No. The Sun has set but there will be contenders to their throne. A creative guy with a good budget could crack the top 10 for under a million bucks and the top 100 for under 100K incredibly shrinky greenbacks. Think GPGPU and PCIe as an interconnect. I could put that in three racks. Smart guys could do a petaflop in one. In the end it's all about the thermals.
Re:Wall Street = Sun City. And Big Iron. (Score:5, Informative)
Some things a spreadsheet should not be used for (please add too if you like):
Once we get over the "mine is better than yours" attitude then maybe you find that there is no fundamental difference between OO Calc and MS Excel since they both are very good at graphically presenting data. Of course the big difference is you can see the source for OO Calc which can be and is vetted by professional engineers and scientists compared to trusting Microsoft's closed source solution see example [betanews.com] where simple bugs can translate into millions of dollars of lost money.
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macros and OO.org (Score:2)
If you are thinking of macros, OOo will support them soon.
I hope so, about a week ago I was emailed a lease form and I tried to open it with NeoOffice [neooffice.org], the Mac native port of OO.org, and it didn't display properly. After that I checked what version is installed though which is 2.1. The current available version for download is 2.2.3 which I'll try once I install it. Now I don't know if the doc didn't display properly because of macros or what but I hope the upgrade works.
Falcon
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CTO of Linux Foundation fails to explain the GPL (Score:5, Insightful)
Excuse me? He could tell them that only changes to the actual code need to be contributed back to the community, and furthermore, that code used within the company and never released does not have to be contributed.
But what does this spokesman for Linux say? That it's illegal but that there's no way to get caught? Does he work for Microsoft?
Possibly mis-quoted. (Score:3, Insightful)
But The Linux Foundation needs to IMMEDIATELY address that with the CORRECT quote or the context.
Either that or immediately kick his idiot ass to the curb.
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> code used within the company and never released Yeah, but what constitutes a software "release"? Hosting a public website with some GPL code linked on the back end may spell trouble. Passing out CDs containing marketing materials at a trade show may constitute a software "release". Not every company is a software company, and when your primary business is not creating software you may not be the most savvy about these sorts of things or have the strictest policies about what your developers, contractors, or consultants can inadvertently do. Custom software is a major driving factor in most businesses, and there's an understandable undercurrent of cautious distrust of the GPL when the consequences of the smallest touch could unintentionally taint a codebase.
Uh, no neither of those cases fall under the GPL, both are examples of documents processed by the software which is explicitly called out as NOT being distribution of the software and hence not invoking the clause. It's not that complex of a document to read and understand (the typical commercial software contract is longer, much more obtuse, and definitely MUCH less friendly to the receiving party.) Please don't spread FUD, MS and company do it well enough without your help.
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Hosting a public website with some GPL code linked on the back end may spell trouble.
No. Obviously.
Passing out CDs containing marketing materials at a trade show may constitute a software "release".
If the CDs include GPLed software it must be accompanied by the source code or an offer to supply it. On the other hand, try passing out CDs with Windows on them at a trade show, you will find the restrictions a lot more stringent.
cautious distrust of the GPL when the consequences of the smallest touch could unintentionally taint a codebase
What do you mean "taint"? If you copy someone else's code without permission, then you are breaching copyright. The GPL gives you automatic permission subject to some restrictions.
confusion/FUD about licensing (Score:5, Insightful)
The article includes a lot of confusion and/or FUD about licensing.
Someone needs to sit down with some of these people and explain to them what the GPL actually says. It doesn't require software written to run on Linux to be GPL'd. Even if you had some reason why you wanted to modify the Linux kernel itself (and why the hell would a Wall Street firm want to!?), you wouldn't need to GPL your modifications unless you were turning around and selling or distributing the modified version publicly.
We seem to be getting a lot of this kind of idiocy [law.com] recently. Maybe it's good news -- it might just be a sign that a lot of PHBs are getting open source on their radar for the first time. But you'd think that lawyers and journalists would at least get it straight before they published their thoughts on the web.
Re:confusion/FUD about licensing (Score:4, Insightful)
I'm hoping he was misquoted.
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Maybe 2nd tier Wall St. firms need help. 1st tier do not. They are already using L
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Re:confusion/FUD about licensing (Score:5, Interesting)
The article includes a lot of confusion and/or FUD about licensing.
Someone needs to sit down with some of these people and explain to them what the GPL actually says. It doesn't require software written to run on Linux to be GPL'd. Even if you had some reason why you wanted to modify the Linux kernel itself (and why the hell would a Wall Street firm want to!?), you wouldn't need to GPL your modifications unless you were turning around and selling or distributing the modified version publicly.
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Would that work with a proprietary OS? (Score:3, Interesting)
as in
-as easy to identify bugs
-no problem contacting the right people (developers)
-bugs getting fixed on a reasonable timescale
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You said you find bugs and report them so they get integrated back into the kernel. Is that a specialty of OSS, or do you also get this with other proprietary products?
Well you can find a bug in a proprietary OS - meaning you have a reproducable malfunction of the OS - but that's not the same as identifying the line of code that's causing the malfunction, changing the source code, testing that the change actually solves the problem correctly *in your environment* and then submitting the fix back to your supporting vendor.
No you certainly can't do that with a proprietary OS. The move to Linux on Wall Street was largely driven by the decisions of CTOs looking to reduce
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From your link: For example, implementing proprietary features on top of open source utilities to provide a low-cost computer-controlled product ("smart box"), and distributing a program on hardware that blocks execution of modified software, have proven to be contentious issues. Running commercial Web services using open source software without releasing source code has also caused consternation in some quarters.
You're totally correct; it isn't things designed using the utilities that are violations, it'
First hand experience (Score:5, Informative)
However, every single person's desktop is a WinXP with all the usual MSFT goodies. Excel is used extensively by everyone that doesn't code but has to work with numbers. Lots of desktop apps are
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I hate it, myself, I wish we could use a Linux dev environment, which is what I cut my teeth on. There's talk of letting developers do *something* like this, but the Winboxen are so deeply interlaced with compliance (apps you can't run, sites you can't visit, etc
It's true (Score:3, Informative)
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Congrats Linux Hippies (Score:5, Funny)
Nice job! You really showed the capitalists.
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Everybody who benefits out of Linux is good for us all. In the least, it promotes open standards that everybody can communicate with. In the best, it provides a platform we all can use free, in spirit and in money. We are all richer for it, regardless if somebody uses it to make money.
This is the true spirit of communism: working together for the benefit of all. Who'da figured that a bunch of software geeks would successfully create a utopia where so many others have failed?
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The GPL is not anti-capitalist. It's just about extending freedoms.
Freedom and capitalism aren't mutually exclusive.
Yes, Linux is replacing...Solaris (Score:5, Interesting)
I used to have a position where I met quarterly with most of the major Wall Street CTOs/CIOs. Every one of them was heavily involved in deploying Linux. You could sum up their reasons quite simply: commoditization yields cheaper computing.
All of them were tired of being locked into the hardware that Solaris required (i.e., Sun's vertical stack), and paying Veritas Foundation Suite licensing on top of that. (I mean, come on, no big enterprise shop ever used Solaris Disk Suite as a standard!)
Sure, today you can run Solaris on x86 more credibly and there's ZFS, but three years ago that was still vapor. Sun was too late with them.
The writing on the wall for Sun's big servers has been there for some time. Sun could not afford to cannibalize its enterprise offerings by going whole-hog into Solaris x86, which is why it's always been the poor stepchild. In the meantime, Linux came along, reached maturity, and now anyone wanting to buy a Unixy system can let Dell, HP, IBM, Sun, etc. compete to deliver a cheap x86 box. There's no important differentiation between them, and very few people are buying giant Sun servers any more. Heck, Sun's big Lonestar supercomputer sale was commodity x86 running Linux.
Linux deployments, at least in the sector I worked with, were mainly Unix replacements.
Oh, and a couple responses to the above:
Real-time trading requirements? (Score:2)
Does Wall Street really need anything offered in the realtime kernel patchset? I mean standard preemptive linux has latency that I would think would be drowned by network, disk or human response time... Trades don't happen in millisecond time, do they?
I understand realtime requirements, and I have a half-assed notion of what goes on on the trading floor... what on earth do they have there that demands the realtime patchset?
Good to see (Score:2)
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is "Wall Street Journal" a MS fanboy? (Score:4, Informative)
Ironically though, the Wall Street Journal, pride of the überrightwing Murdoch Empire -- News Corpse International -- is still as M$ fan boy as any good rightwinger should be.
According to this article, "Wall Street Journal's Walt Mossberg flirts with Ubuntu" [insidesocal.com] Walt Mossberg is in Apple's camp. He tried a Dell preloaded with Ubuntu [allthingsd.com] and he wasn't too happy, er said it isn't ready for most users yet.
FalconRe: (Score:2)
He tried a Dell preloaded with Ubuntu and he wasn't too happy, er said it isn't ready for most users yet.
Ask "most users" how to make a DVD on your mac that just plays in a loop and they'll be dumbfounded, because it's not obvious (well, it wasn't in the idvd in 10.4... times may have changed, sorry) and users are allergic to help files.
With that said, he's probably right. Major refinements to gnome-app-install and the inclusion of the new network manager would do a lot of what is wrong, though. Hopefully that stuff will come in Intrepid. Other than that it's still the same old process of iteration. In Linu
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The Journal only came under News Corp's helm in the past year. It's only been since the acquisition that things have really changed to suit Murdoch's taste, according to published reports and accounts from Journal employees. Not to mention Mossberg, the leading technology voice at the Journal, is definitely an Apple fanboy.
Re:Finally, Some Linux News!! (Score:5, Insightful)
Re:Finally, Some Linux News!! (Score:5, Insightful)
It's these trying times, defined as they are by political extremism everywhere threatening our once-secure way of life. I'm sure many of us hope to return to a more relaxed atmosphere, so we can once again afford the luxury of political apathy. I know I do!
No, you don't. (Score:2, Insightful)
Not a recent development (Score:2)
Re:Not a recent development (Score:5, Funny)
I would warn potential FOSS adopters of the unintended consequences of their altruism: you might be out of your job.
When you spend $2M for software licensing fees, $500k for IT staff doesn't look bad.
When you spend $0 for software, $500k for staff starts to look like a good cost-cutting target for that asshole PHB exec!
Also consider that when something goes wrong with Solaris or Windows, you file a ticket and come out smelling like roses when it's speedily resolved. When something goes wrong with FOSS that you advocated for, more often then not it's your ass.
Re:Not a recent development (Score:5, Funny)
Best joke today...
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Re:Not a recent development (Score:5, Insightful)
Have you ever actually tried blaming your software vendor when a project you were in charge of cratered? As a strategy it is highly over-rated.
That, in my opinion, is the best thing about Free Software. You can actually set it up and try it out before you pull out your checkbook and commit to paying a vendor. If the Free Software solution doesn't work, you've wasted a bit of time, but you haven't saddled yourself with a vendor that already has your money. Heck, if your problem is interesting enough, it might even get fixed.
You can always break out your checkbook later and pay a commercial vendor if the Free Software solution doesn't fit your needs. If you bet on a commercial solution first, and it doesn't work, then you have to write off your wasted licensing fees.
Re:Not a recent development (Score:5, Insightful)
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Re:Not a recent development (Score:5, Insightful)
But... Linux vendors let you do it, no matter who you are.
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Of course you can do concept studies and prestudies, and you should, no matter what software you are using. Free Software just makes that easy. What's more, you don't have to worry about ballooning license fees as your project grows.
I suppose that my real point is that if you are evaluating software you need to start somewhere. Why not start with Free Software? There might be a project that is precisely what you are looking for, and if there isn't, you can always get out your checkbook.
Then again, I
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It was cause for us to switch vendors afterwards. Ironically, back to a Microsoft solution as it was less expensive and integrated with other components.
Re:Not a recent development (Score:4, Insightful)
Re:Not a recent development (Score:4, Interesting)
Microsoft, ironically, tends get these sorts of wins as well. After all, everyone has Microsoft software sitting around. It's almost as easy to get rolling on a skunkworks Microsoft project as it is to roll one out with Free Software.
Well done dodging the vendor meltdown bullet, however. In my experience that basically never works. After all, it is pretty rare that a vendor can't point to other customers with successful implementations. Generally speaking when a customer has to flush a large investment down the tubes the guys that chose the tools and then were unable to implement the solution get run as well.
Let's just say I'm not a firm believer in the "throat to choke" theory of choosing software.
My real question for you is why did you move away from the less-expensive, integrated Microsoft solution that worked to something more expensive and less integrated. Nothing personal, but that doesn't sound like the sort of thing that any of the people I've ever worked for would blame on a vendor.
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As a practical matter, I've noticed that IT tends to congregate around their vendors, so you'll have a Microsoft group and a Novell group and a Unix group and so on. People in these groups usually realize that they need to defend their vendor at all costs or the other groups will steal their budgets. So there's very little practical impetus to blame the
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support just like Sun or MS.
Now if you think Sun or MS is better, that is your opinion,
and your entitled to it.
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This is/was probably the case for IBM as well. They know where their bread is buttered.
I very much doubt that this would be the case for tiny outfits such as Redhat.
Re:Not a recent development (Score:5, Informative)
Re:Not a recent development (Score:5, Informative)
1. If you think you can get an issue speedily resolved because you paying for the software, then you obviously aren't employed in that sector.
2. Using open source does not mean that you can't buy support, its completely up to you
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When you spend $2M for software licensing fees, $500k for IT staff doesn't look bad.
When you spend $0 for software, $500k for staff starts to look like a good cost-cutting target for that asshole PHB exec!
And when you used to spend $2,500,000 on IT (including licensing fees), and you now spend $1M (not including licensing fees), it looks to management like you more than halved your budget (while still delivering the same or better service), when, in fact, you doubled your budget.
Re:Not a recent development (Score:5, Interesting)
As for quants, they often like Linux for a completely seperate reason, specifically because they can use it for Shadow IT purposes without the IT department getting all pissy. Also, many of their favored math packages are old school C and they learned to use them in school on Linux so they tend to gravitate toward it in work as well.
At least that's what I've seen over the last 10-20 years or so since quants have become all the rage.
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It's not that difficult to go hard realtime , you just need the right adaptions to the kernel .
Look up RTAI if you are interested.