Wind of Change Disperses Cloud Data Doubts
Banks are warming to the benefits of cloud computing for market and enterprise data storage and resource-intensive calculation and testing requirements. But, as Joanne Faulkner discovers, there are still challenges that must be overcome before cloud can move from being a disruptor to a displacer of traditional data distribution mechanisms.
For its supporters, cloud is more than a tool to reduce the infrastructure costs of producing and consuming market data; it also provides an environment to experiment, drive innovation and break down barriers of entry, while offering a greater selection of sources, content and data that can be fed into the trading lifecycle.
With all these things considered, it’s easy to see why many banks have performed a U-turn on their attitudes toward the cloud. As recent as 2014, the consensus was an
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