The migration to the cloud allows several financial institutions to innovate their management, particularly in the management of international exchanges. According to experts, in addition to improving the infrastructure, the adoption of the cloud does indeed cause changes.

Easier financial exchanges thanks to the cloud

Last November, CME Group entered into a 10-year partnership with Google to migrate to the cloud. From now on, this one is convinced to be able to launch new products and services much more quickly . Note also Nasdaq’s collaboration with AWS to transfer its North American markets to cloud computing.

Clearly, financial exchanges aim to “increase market access  ” and “  streamline operations ”. Adrian Poole, Head of Financial Services at Google Cloud UK seems to be convinced. He points out that the flexibility and evolution of the cloud will make it possible to improve financial exchanges.

This senior official at Google Cloud UK adds that multinational companies like CME Group exploit the cloud. They want, in fact, to “meet customer expectations using new methods”, which will necessarily lead to a “transformation”. According to him, the cloud offers a large amount of computing power that allows data to be analyzed very quickly . Companies can therefore perform tasks such as risk management in real time.

The cloud: optimal data security

Cloud computing guarantees security and confidentiality of a large amount of sensitive data. Poole moves forward as cloud providers continually monitor risk and regulatory compliance. They do this by using practices such as zero-trust models. These ensure the verification of user identities, both inside and outside a network. The technical principle of “redundant design” also emphasizes data protection.

Nicky Maan, Managing Director of Spectrum Markets also discusses the benefits of cloud computing as well as the use of digital infrastructures. This certainly accelerates the development of the company. The latter can easily expand the resources as needed. It is even possible to automate this, if desired.

Cloud computing manages risks relating to financial exchanges

“The cloud fully controls latency and the ability to transfer any outsourced part of an infrastructure to another provider if something goes wrong. Maan then recommends keeping the financial exchanges of “complex, integrated and time-sensitive systems” on a hardware infrastructure.

Conor Colleary, group vice president of financial services at Oracle, has a different view. A single cloud provider might not be enough to manage all the risks. It must indeed be considered that the stakes of an interruption of service are of the utmost importance. This is because companies make sure to use the best cloud for each particular function and workload. Colleary thus suggests that companies opt instead for a multicloud approach . With this, exchanges have the opportunity to “play on the different strengths of different clouds” and “have a plan B if their cloud service goes down”.

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