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NYSE launches capital markets cloud platform in Europe

NYSE launches capital markets cloud platform in Europe

The stock exchange giant hopes it will simplify market access and reduce trading friction

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NYSE Technologies, the commercial technology division of NYSE Euronext, has launched its cloud-based Capital Markets Community Platform into Europe.

The platform was originally launched on 1st July 2011 from NYSE Euronext’s US Liquidity Centre in New Jersey, which houses the New York Stock Exchange, but will now also operate from NYSE’s European Liquidity Centre in Basildon, UK.

NYSE Technologies has said that the platform is designed to increase business agility, simplify market access and reduce trading friction by tapping into the benefits of on-demand computing resources.

The platform will be delivered over NYSE’s Secure Financial Transactions Infrastructure network and provide customers from around the world access to the exchange’s regional markets in Europe and the US, all via the cloud.

NYSE partnered with EMC and VMware to implement the platform in the US and Europe.

Dominique Cerutti, president and deputy chief executive officer at NYSE Euronext, said that the Capital Markets Community Platform would allow customers to drive efficiencies at a “critical time”.

GF Futures’ Asian broker arm, based in Hong Kong, has been beta testing the platform.

“The global nature of the Community Platform, with its sophisticated and secure IT infrastructure, reflects the worldwide nature of the capital markets and provides choice and freedom for organisations like our own to operate and trade efficiently and competitively in a global marketplace,” said Dr Xiao Cheng, general manager of GF Futures. 

Computerworld UK spoke to NYSE Euronext’s managing director of European colocation, Tariq Rashid, last month, who had hinted at the launch of the cloud platform. Rashid also explained how NYSE is heavily investing in broadening the scope of its European datacentre in Basildon, by adding additional exchanges and allowing smaller, more varied capital market firms to gain access.

“Originally many people saw colocation as the preserve of larger firms that were able to make a big investment in the required technology infrastructure, but now we have set up the space and have policies that allow smaller companies to take part,” said Rashid.

“We allow all capital market participants into colocation and allow them to start with smaller colocation footprints, such as half a rack, if that’s all they need.”

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