Financial exchange joins Linux Foundation

A financial market describing itself as the “world’s largest derivatives exchange” has joined the Linux Foundation. The Chicago Mercantile Exchange (CME) has been a vocal proponent of Linux since 2003, when it began using the open source OS to improve trade speed and system reliability, it says.

In the world of financial trading, speed is of the essence. The CME now says that since it first started using Linux, the operating system’s increasing real-time capabilities have “extended the fundamental savings of Linux, by enabling more transactions to be made in a given day.”

The CME Group last year handled 2.2 billion contracts worth $1.2 quadrillion, it claims.

Financial exchange joins Linux Foundation.

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