| Banks Want to Swim With Penguin By Michelle Delio 02:00 AM Feb. 03, 2003 "Linux is probably the only good news that we've had in the financial industry over the past couple of years," said Keith Codell, a systems administrator for a Wall Street firm. "Linux is reliable -- it never crashes, it's secure. Wouldn't it be sweet if the market was more like Linux?" "The call for RMDS for Linux has been astounding," said Peter Lankford, head of real-time content-management systems for Reuters. "And the response from our beta testers, even those who initially dismissed Linux as 'experimental technology,' has been overwhelmingly positive. "They saw performance improvements and cost savings. These folks are bankers, and they know you almost never get more for less -- but this time they did." Reuters began beta testing RMDS for Linux in October. Lankford wouldn't reveal names, but said the RMDS beta was tested in six of the world's largest financial institutions. "I have to admit I was shocked at the complete lack of negative feedback," Casey Merkey, global program manager for RMDS on Linux. "You always get negative feedback in beta tests." Merkey said that even the customers who were not convinced they wanted to use a Linux system converted quickly once they started using it. "Some of our more challenging customers suddenly became my very best friends," he said. Financial industry heavyweights such as Merrill Lynch, Morgan Stanley, Credit Suisse First Boston, Goldman Sachs Group and E-Trade have all announced major Linux deployments in recent months. |