Luxembourg private bank Société Générale Bank & Trust has completed a two-year project to migrate its core banking system, comprising ten million lines of code, to a cloud computing architecture.
Barclays Bank plans to slash software development costs by 90% by building a private cloud infrastructure and moving more applications to machines running the Linux open source operating system.
OpenMama, the middleware agnostic messaging API that went open source last year, has made available a new version and added IBM, Tick42 and TS-Associate to its steering committee.
Nyse Technologies has taken its Middleware Agnostic Messaging Application (Mama) programming interface open source.
Qatar Exchange has migrated from an IBM and Microsoft-based trading platform to open source technology from Red Hat.
OpenGamma, a UK-based financial analytics start-up, has raised $6 million in a series b funding round led by FirstMark Capital.
Around 60% of financial services firms in the US, UK and Ireland say they are fully committed to, and are already using, open source software, according to a survey from Accenture.
Deutsche Börse's IT unit is working with open source vendor Red Hat as it bids to enable real-time transaction risk management for financial services clients.
Chi-X has signed an agreement with IBM to install its high speed messaging technology. This move is part of a larger race among liquidity providers to increase the speed of their services.