Nasdaq Leverages the Cloud for Data Delivery

Nasdaq announced the launch of its Nasdaq Cloud Data Service (NCDS), which provides clients access to real-time equity, index, and fund data through cloud-based technology. According to a story in MarketsMedia news, Nasdaq sees moving to the cloud as a logical next step in evolving to meet client needs. NCDS is accessible through a suite of scalable, cloud-based Application Programming Interfaces (APIs). These APIs utilize open-source delivery standards and a software development kit (SDK) to fast track engineering efforts. This eliminates the need for hardware procurement, proprietary protocols, file formats, and leased lines, and allows for the integration of data from disparate sources. This equates to a reduction in time to market for customers. NCDS currently runs on the Amazon Web Services (AWS) Cloud but is cloud-agnostic, capable of being used with any cloud provider.