The next wave of cloudification in capital markets is on the horizon | Asia Asset Management - Partner Content
Published: December 11, 2022
Are trading operations about to move to the cloud? The answer may soon be yes with Colt Technology Services successfully pioneering cloud colocation f...
Source: asiaasset.com
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Cloud Service ProvidersColt Technology ServicesAmazon Web ServicesAre Trading Operations About To Move The Cloud Answer May Soon Be Yes With Colt Technology Services Successfully Pioneering Colocation For Hosting And Distribution Of Multicast Data Several Its Customers In Capital Markets Asa Proof Concept Poc Once ExpandedT Would Representa Great Step Forward Towards Allowing BrokersFund HousesArket Data Providers And Algo Traders To Fully Embrace The Benefits Of Cloud Within Their Digital Transformation Journeys With Concerns About Security ReliabilityHe Finance Sector Has Previously Moved Only Some Middle And Back Office Functions To The CloudNcluding SettlementEconciliation And ProcessingS Well As Some Less Latency Dependent Operations Such Fixed Asset Trading But Rapid Shifts In The Market Landscape And Other Post Pandemic Realities Mean Industry Must Reassess Its Data Connectivity Infrastructure To Keep Up With Intermediaries Including Stock Exchanges Clearing Houses Who Are Already Embracing Cloud Projects Last YearOogle Surprised The Market Witha Ten YearIllion Dollar Partnership With Cme To Accelerate The Move Of One World Amp Rsquos Largest Derivatives Exchanges Cloud MeanwhileHe Tech Focus Trading PlatformAs Also Approached Aws Witha Multi Year Partnership To Builda New Capital Market Infrastructure For The Future With Migration Cloud Becoming InevitableUsiness Leaders And Board Rooms Must Act Swiftly 039 Future Proof Their Front Office Functions To The Cloud Overcoming Multicast Barrier Until NowHe Cloudification Of The Front Office Has Been Limited By Inability Cloud Service Providers To Facilitate Multicast Data HoweverHrough Its Proof Of ConceptOlt Has Worked With Amazon Web Services Aws To Build Virtual Distribution Points Of Presence Pops In The CloudEmonstrating The Viability Of Hosting And Distributing Multicast Data Ina Live Market Environment Using Froma Number Stock Exchanges In Asia This Represents Several Important Breakthroughs FirstT Removes Several Layers Of Data Processing That Currently Act As Barriers To Latency And Efficiency PreviouslyAw Data From One Stock Exchange Had To Be Normalized Before It Could Sent Multiple Connection PointsA Step That Has Now Been Completely Bypassed SecondlyHe Traditional Distribution Of Data And Functions Across Different Layers Requires Enormous Bandwidth Throughput This Is No Longera Reality With The Poc Being Tested On Real Time Feed Performance Without Any Packet Drop ThirdlyT Has Demonstrated The Capacity To Consistently Handle Data Volumes Of Over One Gigabyte Lowest Latency Routes Within Aws Cloud Environment