NYSE announces new trading system with Linux inside
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The New York Stock Exchange announced its new TradeWorks trading system today, though portions of the system have been in place for months. Described as an "Extreme Availability" system by IBM, it includes up to 3,000 -- 650 are already in use on the floor of the NYSE -- custom made wireless handheld devices used by floor brokers. The handhelds talk to Linux-based workstations, which in turn talk to HP servers, and they speak to IBM Z-series mainframes running a DB2 backend.
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