Nasdaq Partners With Amazon to Move Market Trading to the Cloud Next Year
- Exchange will start by shifting Nasdaq MRX to cloud in 2022
- Hard task since conventional clouds don’t meet trading’s needs
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Nasdaq Inc. partnered with Amazon.com Inc. to shift its North American markets to the cloud starting in 2022.
The move is the latest among exchanges that have started to expand into cloud-based software and data analytics. Earlier this month Alphabet Inc.’s Google struck a deal with CME Group Inc. to help the derivatives exchange operator move its data and clearing services to Google Cloud, then eventually trading and other markets.