Bangalore: New York-based global stock exchange Nasdaq and Amazon Web Services (AWS) have entered into a multi-year partnership to build the next-generation cloud-enabled infrastructure for global capital markets, said the technology arm of the global e-tailer Amazon.
“Nasdaq will begin migrating its North American markets to AWS in the new year (2022) in phases, starting with its US options market MRX,” said the US-based cloud computing platform in a statement.
The stock exchange will use a new edge computing solution, developed by the partners for global capital markets, as it offers on-ramp to migrate to AWS. Nasdaq’s primary data centre will be the first private AWS local zone for capital markets.
“Both partners will explore ways to leverage AWS’s cloud capabilities across Nasdaq’s anti-financial crime, data and analytics and market infrastructure software solutions,” said the statement.
Nasdaq president and chief executive Adena Friedman said the partnership with AWS would power a cloud-based market infrastructure that is resilient, scalable and accessible to all participants.
“Collaboration with AWS creates a bridge to the future for our markets and represents a major step forward in our cloud journey,” said Friedman on the occasion.
AWS chief executive Adam Selipsky said the partners would help capital markets speed up innovation and improve their business processes.
“Combining Nasdaq’s expertise in pioneering technology for capital markets with the security, reliability and resilience of our cloud will help customers grow their businesses and transact billions of dollars in trades per day,” said Selipsky in the statement.
Core to Nasdaq’s migration will be AWS Outposts, which extend its infrastructure, services, APIs and tools to any data centre, co-location space, or on-premises facility.
Nasdaq plans to incorporate AWS Outposts into its core network to deliver edge compute capabilities from its primary data centre at Carteret in New Jersey.
The hybrid infrastructure will provide Nasdaq with access to its on-premises systems to deliver trading capabilities and give its clients access to cloud-based capabilities, including virtual connectivity services, market analytics and machine learning, at a lower cost.
Nasdaq expects migration to the cloud to enable the adoption of new services. Nasdaq plans to develop cloud choices, including public-cloud and hybrid models.
“Nasdaq expects migrating to the cloud will give its market infrastructure clients agility and help them adjust to the changing industry dynamics in their countries and regions,” added the statement./eom/390 words.
