Banking giant signs up Linux vendor...
Published: 9 April 2002 16:20 GMT
Linux vendor Red Hat has won a deal with investment bank Credit Suisse First Boston (CSFB) to provide the software infrastructure for part of its worldwide trading architecture.
Red Hat has migrated CSFB's Agora marketplace transaction over from a Unix to a Red Hat Linux platform, simultaneously increasing the performance by 20 times.
CSFB's CTO said the new platform has enabled the firm to chart record trading volumes in the region of 35 million transactions per day.
This is at the same time as consolidating 20 RISC processors to just a few Intel chips. Even Michael Tiemann, Red Hat CTO, admitted he was amazed by the performance of the application running on Linux.
The contract also shows the continuing spread of Linux into conservative markets traditionally thought to be closed to open source software.
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