Linux continues to gain popularity in the US securities industry, with large brokerage firms leading the adoption charge, says TowerGroup.
Tower says the language is currently deployed as the operating system on 9 per cent of all servers in the North American securities industry, with a large number of firms using Linux to support core infrastructure and critical applications like trading and market data platforms.
TowerGroup estimates that Linux is expected to grow at an annual rate of 22% in the North American securities server market between 2003 and 2006, with most of the growth coming at the expense of Unix. While Linux continues to gain traction in the securities industry, the development of the “ecosystem” that revolves around Linux will be critical to its survival in the marketplace, says TowerGroup.
In a new research study entitled “Linux on Wall Street: Update on Trends, Adoption and Long-Term Potential,” Dushyant Shahrawat, a senior analyst in the Securities & Capital Markets practice at TowerGroup, explores the major trends in Linux adoption in the securities industry and what the perceptions are of the operating system among the major brokerages.