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Managing IT investment returns during periods of high volatility can be challenging. In the face of exponential growth of market volumes and profit pressures across all sectors in the financial services industry, firms have increasingly begun to turn to Red Hat Enterprise Linux and Intel industry standard servers as a way to dramatically improve price/performance for increasingly more mission critical applications.
From risk applications to market data systems to equity options calculators, investment and retail banks, as well as insurance firms, are considering a broad range of Linux solutions as a way to reduce costs and enhance competitive advantage.
Wall Street firms are replacing low-to-mid-range RISC Unix systems with Red Hat Enterprise Linux and Intel industry standard servers and yielding impressive results in the form of enhanced application performance and lower TCO. Customers including Credit Suisse First Boston and Lehman Brothers have seen impressive gains from their migrations to Red Hat Enterprise Linux/Intel solutions in application environments that demand a lot of computing cycles.
For improved business continuity, lower infrastructure costs and enhanced application performance, Red Hat can help you enhance profitability and improve your competitive position through its Financial Services solutions.
"Linux is a large component of our five-year computing strategy," says Jeffrey Birnbaum, Morgan Stanley's global head of enterprise computing for the Institutional Securities business. "We are investing and deploying it heavily in all areas of our Institutional Securities business. It's currently being used for mission-critical applications in our Equity and Fixed Income Divisions. Today, we have 400 Linux boxes in production and another 300 in the pipeline."
-Waters Magazine, November 8, 2002
"Linux is being considered for either new projects or projects that eat computing cycles," says Bridget O'Conner, Lehman Brothers CTO. "If we need to order a multiple-CPU machine, [the application] might be a candidate for porting."
-Waters Magazine, November 8, 2002