More and more news and opinions are coming out on NYSE’s new cloud offering or “Capital Markets Cloud Community Platform”.
Most, so far, are raising the same concerns: will capital market firms continue to fear and shun this community cloud platform like they have the more traditional clouds. I am not ready to pronounce myself on but I do strongly believe they should since cloud computing is pretty much here to stay. Building an entire infrastructure adds costs that prevent certain strategies from being profitable. Using a pay-as-you-go commodity computing, gives you more flexibility and allows smaller strategies and smaller firms to play on even foot with the big players.
- Wall Street and Technology covered the launch yesterday. They also have a follow-up article available.
- The UHFT blog is also covering the topic.
- FIN Alternatives also had a post on the topic.
- Story in FT.
- eweek.com.
- Forbes covers the announcement and looks are the perspective of Banks. We all know banks and hedge funds are two completely different animals. Some questions remains: Is the small firm / hedge fund community large enough to support this cloud offering and will banks jump onboard.
- MarketWatch.com
- The Datacenter Journal.