IEX Group, through its wholly-owned subsidiary swXtch.io LLC, announced the commercial launch of cloudSwXtch, a new cloud-native software product that brings bare-metal on premises performance capability to the major cloud networks. According to a story in MarketsMedia news, cloudSwXtch is a virtual overlay network that adds feature rich, high-performance networking to cloud or edge deployments – while requiring no code changes to existing applications. cloudSwXtch unlocks missing network features that are required for demanding, high-throughput workflows such as financial, industrial, and media applications. These missing features include multicast, broadcast, packet monitoring, and protocol conversion and fanout. Last month, cloudSwXtch made its debut at IBC2022 in collaboration with Microsoft and Evertz Technologies, Ltd., with a launch geared towards the media and broadcast industries. cloudSwXtch is now commercially available on a global scale via the marketplaces of the major clouds. cloudSwXtch technology enables multicast along with other mission-critical capabilities such as ground-to-cloud bridging, protocol translation and fanout, and network path redundancy to all the major cloud service providers. Companies across multiple industry sectors can now merge on-premises and cloud workflows into a hybrid production process from anywhere in the world, resulting in significantly lower costs due to minimized infrastructure and power needs. What started as an initiative for financial services and specifically, the migration of data to the cloud for exchanges, has now become a solution for industries looking to shift infrastructures to the cloud quickly and efficiently. With the cloud, and the right technology such as cloudSwXtch, businesses can do more with less, while improving productivity and customer satisfaction. cloudSwXtch is available through the Microsoft Azure Marketplace. The Company intends to add support for additional cloud platforms later this year into 2023, including Amazon Web Services, Google and Oracle Cloud Infrastructure. IEX Cloud and swXtch.io are wholly owned subsidiaries of IEX Group, Inc. and operate separately and distinctly from its IEX Exchange.