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Tux Machines (TM)-specific
The New York Stock Exchange and Deutsche Borse are planning a move to a single cash equities trading platform, understood to be based on Red Hat Linux, in a crucial step towards saving €79 million (£64 million) in annual IT costs and delivering robust, fast messaging.
If the merger goes ahead, the exchanges will also integrate “complementary” derivatives businesses, and combine their US options platforms. The savings represent 26 percent of the €300 million total planned cost cuts, which also include more efficient clearing and market operations.
The companies declined to confirm exact supplier plans, but both run their matching engines on Red Hat Enterprise Linux and the system is understood to be seen as the most likely backbone for the proposed single trading system. Several market sources confirmed the exchanges would be inclined for Red Hat systems to take a central position in the exchanges' merged infrastructure.