Cloud Computing Remains Tough Sell For Data, Study Finds

Virginie O'Shea, senior analyst, Aite Group

For storage and management of reference data using cloud computing resources, financial institutions are still proceeding cautiously and carefully, according to a study conducted by the Aite Group consultancy.

Security, data privacy and storage requirements are reasons for their concerns, according to the study, which surveyed 21 market participants, including broker-dealers, investment banks, asset managers and exchanges considering using cloud computing or committed to the practice.


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