The Linux Foundation has announced
its latest new member: the CME Group
, billed as "the world's largest and most diverse derivatives exchange." "CME Group has been recognized as one of the financial services industry's biggest users of Linux. It 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. Since then, broader use and newer versions of Linux coupled with match engine and application improvements have helped continue that trend. In an industry where low latency is paramount, this reduction extended the fundamental savings of Linux by enabling more transactions to be made in a given day.
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