Nasdaq OMX (NASDAQ: NDAQ ) has announced FinQloud, a new data management offering designed exclusively for the financial services industry.
FinQloud will be powered by Amazon (NASDAQ: AMZN ) Web Services, the firm's massive cloud computing division. FinQloud has been describedas a platform for financial services applications that "provides efficient management and storage of financial data that helps market participants streamline operations and meet regulatory compliance requirements without making costly capital expenditures for their underlying infrastructure." The platform will combine Amazon Web Services' cloud infrastructure with Nasdaq OMX's experience "in providing technology and advisory services to exchanges, regulators and broker-dealers that operate within a complex global regulatory framework."
Via Peter Azzopardi