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Euronext.liffe is switching its technology to the Linux operating system and the Intel-based processor citing the need to keep up with the growth of algorithmic trading. The move signals "a fairly substantial shift in the electronic exchange's IT strategy," says Jim Johanek, SVP U.S. Technology Strategy for Euronext.liffe. The futures exchange—which is the derivatives arm of Euronext Group—initiated the process in 2004 right around the time when algorithmic trading in the futures industry began to take off, says Johanek.
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