| Reuters adopts Linux for financial services industry platform |
May 16, 2002
In a significant step in the growing trend of migrating business systems to Linux, Reuters has announced that it is 'working with HP, Intel Corporation and Red Hat to make Reuters Market Data System (RMDS) available on Intel-based servers with Linux'. While this move is not specific to the desktop, it is indicative of a major shift in business infrastructure to embrace open standards and less expensive systems to achieve greater flexibility and performance with reduced costs . . .
" . . . Reuters decision to run RMDS on Linux comes in response to a growing interest and deployment of the operating system within the financial services industry. Tom McDonald, Executive Director at Morgan Stanley said, 'Linux on Intel is an important evolutionary platform for Morgan Stanley. Support for this platform from Reuters is important to our efforts and is strategic to Morgan Stanley'. . . "
" . . . RMDS integrates the crucial real-time data and news that a financial institution uses to make its trading decisions and interact with the markets. The system delivers information to thousands of users and applications throughout the financial institution and across the Internet. RMDS combines the best elements of the most widely installed market data systems, Reuters Triarch and the TIB Market Data Distribution System, while enhancing them with components that improve cost of ownership, scalability, and business flexibility . . . "
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