Broker-dealers are taking a liking to cloud computing. Everything from order entry to execution and settlement to storing colossal amounts of trading data has found a place in the clouds of computing capacity tied together by global networks.
You would think that the topic of cloud computing would be addressed directly by now by the Securities and Exchange Commission or the Financial Industry Regulatory Authority or both. As of the date of this article, however, neither regulator’s website has any reference to the cloud.
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