Nasdaq's Shift to Cloud Commits to New Jersey, Avoiding Big Trader Hassle
- Exchange inks deal with Equinix to expand Carteret data center
- Means wireless backbone of stock market won’t need overhaul
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In modern trading, where billionths of a second matter, knowing where exchanges stash their computers is crucial.
So when Nasdaq Inc. recently decided to start shifting its North American markets to the cloud, that raised the possibility traders would have a harder time sorting where to put their machines, and also force them to reroute wireless communications networks that serve as the backbone of finance. That’s because cloud platforms usually are based out of multiple data centers.