NYSE Euronext’s technology services division NYSE Technologies is beta testing a cloud computing platform designed for Speed Traders in the high-frequency trading market. Through the Capital Markets Community Platform, NYSE will offer rapid on-demand computing resources Speed Traders can purchase to maximize their computing power at any time.
The new offering represents a step deeper into the technology services market for NYSE. In addition to financial analysis services, the company has been a major provider of colocation space for trading firms.
It has recently launched two massive new data centers in Mahwah, New Jersey, and in Basildon, UK. The facilities were built to consolidate NYSE’s data center footprint and to expand its capacity to provide analysis services.
Stanley Young, NYSE Technologies CEO, said in a statement that the cloud was key in the company’s effort to create a “virtual capital markets community”.
“All of this comes with absolutely no hardware investment, costly infrastructure maintenance or extended time to market for customers, giving them the opportunity to focus on their core business strategies,” he added.