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CME Group Uses Red Hat Solutions to Process Over a Quadrillion Dollars in Critical Financial Transactions Per Year
October 19, 2009
by RHEL Team
The world’s largest and most diverse derivatives exchange, CME Group, deploys Red Hat solutions for its critical trading platforms to produce over a quadrillion dollars in contract volume per year, according to CME Group. Its migration from Sun Solaris to Red Hat Enterprise Linux in 2003 has helped CME Group increase performance, reliability, scalability and agility of its critical systems while simultaneously reducing IT costs.
At the Red Hat Summit 2009, held in Chicago from September 1-4, CME Group invited the Summit’s onsite press core to visit its trading floor. CME Group Associate Director Vinod Kutty and Red Hat CTO Brian Stevens discussed how the companies’ long-standing technology partnership has helped the exchange to meet technical and business demands to remain on the cutting-edge. Together, the companies aim to extend CME Group’s innovative open source strategy with an ongoing migration of its middleware platform from Oracle WebLogic to JBoss Enterprise Application Platform.
Watch the video, live from CME Group on September 3, 2009: