Does TP Icap-AWS deal signal the next stage in financial cloud migration?
The IMD Wrap: Amazon’s deal with TP Icap could have been a simple renewal. Instead, it’s the stepping stone towards cloudifying other marketplace operators—and their clients.
Remember back when the big cloud tech providers were falling over themselves to strike deals with exchanges? Amazon Web Services and Nasdaq. Google and CME Group. Microsoft and London Stock Exchange Group. Since then, Nasdaq has moved three matching engines to run in AWS’s cloud; CME moved its core data to Google’s cloud, unveiled how the partnership with Google is already yielding results, and received CFTC approval to run its clearing and settlement infrastructure on the vendor’s cloud; while
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