NYSE heads to the cloud
The Capital Markets Community Platform is expected to go live on 1 July and will offer customers computing power and storage on remote servers.
According to FT.com, NYSE Euronext has teamed up with VMware, the virtualisation software group, and EMC, the US data storage provider, to create a platform that will allow financial institutions to outsource more of their trading infrastructure to the cloud via the Internet.
Trading firms and banks are seeking to outsource more business as they are increasingly pressured by the cost of maintaining technology and connectivity to new platforms amid signs of dwindling margins.
The cloud services are hosted at NYSE Euronext data centres in Mahwah, New Jersey, and Baselton in the UK, says InformationWeek.
NYSE's cloud platform is among the first of what's expected to be a host of specialised cloud offerings aimed at industries with demanding and unique regulatory, security, and transaction requirements.
Microsoft recently rolled out a range of cloud services aimed at healthcare organisations. "We're seeing the first of a wave of these special-purpose clouds," says EMC president and COO Howard Elias.
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