[ I N D E P T H | T H E C L O U D ]
enhanced performance , transparency , security , resiliency , and integrity . Together , Nasdaq and AWS are transforming what ’ s possible for capital markets and delivering on a commitment to create an interconnected future — one that is safer and stronger for everyone , in the cloud .”
Greg Ferrari , vice president and head of exchange business management at Nasdaq , agrees , explaining that from the exchange perspective this technology allows for an innovative , hybrid approach : “ AWS ’ outpost technology has allowed us to combine the best of both worlds – cloud infrastructure and our existing trading environment .”
The shift of liquidity itself As providers continue with their committed goal of creating a better and healthier future across the financial services industry , it remains an often-unspoken truth that the market in the end needs
“ There ’ s a real opportunity to move the needle on how these markets will evolve over the next decade or even next two decades […] Our approach is truly around collaborating directly with the players that can make a difference in this particular space of financial services .”
ROHIT BHAT , GOOGLE CLOUD ’ S MANAGING DIRECTOR FOR CAPITAL MARKETS , EXCHANGES , AND DIGITAL ASSETS to develop as one , with each faction committed to playing their parts .
Speaking specifically about the role of venues , Kain made clear the importance of their position across the industry : “ Exchanges – like all financial market infrastructure – are critically important , especially within the capital markets space where they tie together the financial services community .”
This idea of exchanges as the hub tying the industry together could arguably be deemed the crux of why this topic is so significant .
Barrett asserts : “ It ' s not the compute infrastructure of the exchanges themselves that the cloud providers are interested in , the point is to drag the ecosystem that surrounds those exchanges into the cloud itself . Once the venue moves to the cloud , then financial services institutions will follow , as they have been in increasing amounts over the last 10 to 15 years .”
Thus , whatever the motivations , the inferred end result is clear – an ‘ inevitable ’ shift of liquidity
66 // TheTRADE // Q1 2024