IMD Chicago: Firms Outsource Infrastructure to Address Data Storage, Regulation

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"We consume data from three separate vendors to find out if there are any outliers or mistakes... but storage of data is difficult," said Jay Feuerstein, chief executive of Chicago-based quantitative trading firm 2100 Xenon Group, whose data infrastructure leverages both internal servers and cloud computing. "The problem isn't just the storing of data, but that you need to back it up, and you have to back it up offsite, and you need additional power in case of outage issues.... There are so many

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