April 15, 2011 – A survey conducted by the Financial Technologies Forum in February found that 67 percent of banks, buy-side and sell-side firms are using public clouds to handle back office applications, as well as for clearing, reconciliation and settlement.
In addition, specialized services for securities firms are cropping up from familiar names including Bloomberg, Cisco Systems, Microsoft and SunGard Data Systems. NYSE Euronext opened a multi-tenant datacenter in Mahwah, New Jersey in August, in which it wants to house the trading engines and matching engines of as many market players as possible.
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