btnsn: Death of the Mainframe? New survey finds PC servers growing in popularity among banks
The dominance of mainframe computers* in the banking industry is over. Increasingly, PC servers are taking over key banking data management functions such as direct information feed collection and capture of reference data. This is the view of 80% of financial data managers** surveyed recently by CMS WebView plc (CMS) a leading provider of software systems for real-time financial data distribution and management. In fact, 61% of market data managers at banks such as Citigroup, Morgan Stanley and Goldman Sachs report that their banks have already moved from mainframes to PC servers in certain key areas.
According to the survey, the move towards PC servers is a fairly recent trend in investment banking, driven partly by cost but also by PC servers offering scalability, familiarity and ease of use. More than half of those surveyed (54%) say it’s only in the last three years that PC servers have started to replace mainframes in certain areas.
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