X Linux Commandments
- Thou shalt do necessary due diligence before adopting Linux across the enterprise
- Financial services firms that have been early adopters of open source/Linux have generally started by migrating non mission-critical applications to get a feel of Linux
- Conduct a TCO/ROI study to set realistic expectations
- A portfolio analysis would be useful to give you a sense of where you start and how you at applications measure the As-is versus To-Be scenarios
- Firms that are still skeptical must check for learnings from industries in same space
- Thou shalt aggressively seek vendor support
- Companies like Oracle, IBM and SAP, whose software are predominantly used in financial services firms, already offer Linux versions of their products (Databases, Application and Web Servers, ERP suite etc)
- Growing vendor support is now readily available from ISVs and ASPs.
- Thou shalt empower your legacy systems
- The hardware agnostic nature of Linux makes it especially attractive to Banks and Securities firms, which use legacy systems extensively (and require compute intensive capability).
- Linux on mainframe can enhance operational efficiency, reduce infrastructure costs through server consolidation and enable legacy systems to co-exist along with new applications in the same robust environment
- Thou shalt seek indemnification from any vendor related law suit associated with Linux
- Thou shalt not shy away from asking for the improved price-performance ratio Linux can deliver
- Hyper threading (supported only by Linux and Windows 2003) offers a performance boost of around 70%. This can find extensive use in the areas of trading and execution, analytics and similar compute intensive processes where speed of execution is key
- Lintel offers comparable price performance package for compute intensive and high availability applications that are used for Analytics and regulatory compliance (e.g. The USA Patriot Act, Basel II etc.).
- The Linux kernel can be customized to address application specific needs (e.g. faster execution of trades or data encryption).
- Thou shalt explore the use of existing infrastructure before making new investments
- Existing investments in hardware can be protected despite advances every 18 months (Moore’s law).
- There is no need for purchasing new upgrades to the existing OS as Linux can run on your existing hardware also. Linux costs a fraction of its commercial counterparts.
- A clustered environment of heterogeneous systems can be brought together to create a grid that offers powerful compute intensive capability.
- Thou shalt work ceaselessly to secure your IT environment
- Given the fact that the code is open, data and information security are of particular concern to the financial services industry
- The Linux kernel can be “tweaked” to harden it for application level security
- The openness has also ensured that any loophole is quickly identified and fixed as the code is subject to review by a “million eyes”
- Virus attacks from embedded macros (one of the root causes of system downtime) are not possible in Linux.
- Thou shalt honor thy customer and seek ways to provide better service
- Financial services customers seek quick turnaround times to facilitate decision making (loan processing, trade execution etc).
- Linux ensures higher availability given the fact that frequent patches (which result in higher down times) are not required.
- A clustered environment in Linux (on Lintel platforms) allows high performance, high availability and recovery oriented computing.
- Business Continuity & Disaster Recovery is of paramount importance for financial services. The Lintel platform can easily be used instead of high end UNIX servers.
- Thou shalt seek interoperability
- Financial services use a gamut of technology ranging from low end desk tops to high end mainframes.
- Financial services firms have begun adopting web services and service oriented architecture in their web applications.
- Platform independence underpins Service Oriented Architecture, Web Services, Java and Linux OS.
- Thou shalt willingly distribute learnings to thy financial services brethren
- Financial services firms are heavily regulated and there is a need for cooperation within these firms
- Technology learnings should be shared for the benefit of the industry and its growth.