The Linux Foundation (LF), a nonprofit organization dedicated to accelerating the growth of the open source Linux operating system, has a new member: CME Group, provider of an electronic trading platform (Globex) that used in Chicago and New York.
CME Group first realized the benefits of Linux in 2003 when it reported that, by using the operating system, it would save significant costs, increase reliability, and dramatically reduce the round-trip time of a trade transaction. By joining the Linux Foundation, CME Group will be able to collaborate with key Linux developer and vendors.
CME Group's Vinod Kutty, associate director and head of distributed computing R&D, will become chair of the Linux Foundation's End User Council — a group of the largest Linux end-users who use the forum to collaborate and educate themselves on technical, legal and community efforts.
“Our Linux Foundation membership allows us to move beyond just being users of Linux to being participants in the direction of this important technology,” said Kevin Kometer, managing director and chief information officer at CME Group. “Joining the Linux Foundation and being deeply involved in Linux will also help the exchange determine the future use of our own technology. We're looking forward to working closely with the Linux community to navigate this future.”
Jim Zemlin (
News -
Alert), executive director of The Linux Foundation, said it is a positive development that CME has endorsed Linux for use in the financial industry.
The Linux Foundation, founded in 2007, sponsors the work of Linux creator Linus Torvalds, protects and standardizes Linux by providing unified resources and services needed for open source to successfully compete with closed platforms.
INTERNET TELEPHONY Conference & EXPO West 2008 — the biggest and most comprehensive IP communications event of the year — concluded September 18th in Los Angeles, California. Thousands of attendees flocked to the event for three valuable days of exhibits, conferences and networking opportunities. Mark your calendar now for ITEXPO East 2009, February 2-4, 2009, in sunny Miami, Florida.
Read archived editions of Show Daily eNewsletters from ITEXPO (News - Alert) West 2008 here. See you in February!
Barkha Bathwal is a contributing editor for TMCnet. To read more of Barkha's articles, please visit her columnist page.Edited by
Mae Kowalke
How to Reduce Asterisk® System Loads by 70%
How to Reduce Asterisk® System Loads by 70%