Nasdaq and AWS Offer New Cloud-Based Market Infrastructure to Clients

Nasdaq and Amazon Web Service (AWS) have expanded their existing partnership in order to offer its financial services clients new cloud-based solutions according to a story in MarketsMedia news. Adena Friedman, chair and chief executive of Nasdaq, said .that the firm’s move to the cloud has enhanced its ability to navigate the current environment successfully due to the increased and instant scalability of its market infrastructure, including its matching engines, resulting in enhanced resiliency and efficiency. “Through our expanded partnership with AWS, we plan to leverage the learnings and expertise gained from our transition as we continue to modernize the global financial ecosystem,” said Friedman. She argued that the combined power of AWS and Nasdaq will enable market operators to modernize in a cost-effective manner, while mitigating transformation risk as they retain data sovereignty.  Nasdaq demonstrated this can be done by migrating its own options markets to the cloud, while maintaining high levels of performance, security and resilience. The initial phase of the new partnership focuses on providing market operators with public and hybrid cloud infrastructure, software, and services offerings through Nasdaq Eqlipse to deliver cloud-ready capabilities and data intelligence across the full trade lifecycle. Nasdaq Eqlipse Intelligence will allow the industry to deploy AI at greater scale, recognizing its potential to transform how marketplaces operate. For the first time, global market participants will have access to compute services from AWS in close proximity to the core exchange complex and their own co-located trading systems. In addition, AWS will provide low-latency, high bandwidth connectivity for global applications while enabling operators to retain overall control of their data. Nasdaq’s Nordic markets will be among the first markets to migrate to the managed infrastructure model powered by the new partnership, subject to regulatory approval.