Sunday, 25 January 2015
Last updated 2 days 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…