by CIO Staff

Shanghai Securities Co. to Use Turbolinux

Jul 24, 20061 min
Enterprise Applications

A subsidiary of Shanghai’s stock exchange will use Turbolinux’s server software to provide information to the securities industry, the company said Monday.

Shanghai Stock Communication will use LinBox v1.0 to distribute stock and securities information, employing a version of the 2.6 Linux kernel customized by Turbolinux, the Japanese company said.

China remains a top market for Linux software. Government agencies have promoted the use of open-source software, viewing proprietary software produced by foreign developers as expensive and a potential security hazard. Domestic Linux companies such as Red Flag Software have emerged, but foreign Linux service companies like Turbolinux have also been able to establish a foothold in the country.

Financial terms of the deal were not disclosed. Shanghai Stock said that LinBox has already been deployed by several securities firms in that Chinese city but declined to name them.

-Steven Schwankert, IDG News Service (Beijing Bureau)

Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.