April 10, 2013 – Nasdaq OMX Group said that the storage services of its FinQloud online computing platform has been deemed capable of saving trading records in accordance with requirements of federal securities and derivatives regulators.
The exchange operator said that the FinQloud platform had been rated as in compliance with federal record-keeping requirements by both Cohasset Associates, a Minneapolis management consulting firm, and Jordan & Jordan, a securities industry consultant based in New York. The firms assessed the capabilities and compliance of the Regulatory Records Retention (R3) storage of FinQloud, a “cloud” services that operates in conjunction with Amazon Web Services and the Amazon Simple Storage System.
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