Magazine article American Banker

6 Major Financial Firms Pick Windows NT

Magazine article American Banker

6 Major Financial Firms Pick Windows NT

Article excerpt

Microsoft Corp. said last week that six major financial services firms have begun to install new computer networks based on the software giant's Windows NT operating system.

Citicorp, Keycorp, Merrill Lynch & Co., Charles Schwab & Co., Sanford C. Bernstein & Co., and Interstate/Johnson Lane all have committed to system projects based on Windows NT, officials said in New York during a financial services technology conference sponsored by Redmond, Wash.-based Microsoft last week.

Windows NT is an offshoot of Microsoft's Windows graphical user interface, the basic operating software that has become standard equipment on the majority of personal computers using microprocessors from Intel Corp.

Introduced in 1993, Windows NT is aimed at large businesses building sophisticated networks of PCs, a method known as client/server computing.

While commercial banks are just beginning to deploy client/server technology on a wide scale, securities firms "are already on their second or third generation of the technology," said Michael Rawding, financial services group manager at Microsoft.

And although the vast majority of these early client/server systems on Wall Street were based on the Unix operating system, Mr. Rawding said the decisions by such industry luminaries as Merrill Lynch and Charles Schwab are clear signs that Windows NT is becoming a force.

For example, Merrill Lynch, the world's largest securities firm, will install Windows NT on all of its 700 branch-office computer "servers," as well as on over 25,000 desktop "client" PCs. …

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