Wednesday, 7 October 2015
Last updated 20 hours ago
Jun 1 2011 | 8:13am ET
NYSE Euroenxt today will launch its planned "cloud" platform, hoping to establish itself as the place to go on Wall Street for such technology.
NYSE's Capital Markets Community Platform, which will give clients direct access to NYSE's services, has already won some high-profile customers, including Millennium Partners and Goldman Sachs' high-frequency trading unit. The cloud platform, which gives clients access to NYSE data and analytics that they have previously had to store on their own systems, is part of NYSE's shift of its trading and data systems to a new Mahwah, N.J. facility.
NYSE is selling space in that facility to clients, including hedge funds, which hope to capitalize on the proximity to ensure the fastest possible trade execution.
"We're developing a set of services which enable customers to effectively outsource to us more and more of their commodity services that they depend on to run their business," NYSE Technologies' Ken Barnes told The Wall Street Journal. "Inside our private network, we're running applications and computing infrastructure to accomplish that goal."
NYSE's cloud platform is the result of a partnership between the Big Board, EMC Corp. and VMWare Inc.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…