DGAP-News: NASDAQ OMX Launches FinQloud Powered by Amazon Web Services (AWS)
(firmenpresse) - The NASDAQ OMX Group, Inc.
25.09.2012 06:24
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New Data Management Offering Exclusively for the Financial Sector Meets the
Advanced Security Requirements of Regulated Financial Services Businesses
NEW YORK, 2012-09-25 06:23 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of
FinQloud, a new cloud computing platform powered by Amazon Web Services
(Nasdaq:AMZN) and exclusively designed for the financial services industry. The
offering combines the cloud computing expertise of AWS along with the financial
services expertise of NASDAQ OMX.
FinQloud is a platform for financial services applications that provides
efficient management and storage of financial data that helps market
participants streamline operations and meet regulatory compliance requirements
without making costly capital expenditures for their underlying infrastructure.
The platform combines AWS's secure, flexible, and cost-effective cloud
infrastructure with NASDAQ OMX's experience in providing technology and
advisory services to exchanges, regulators and broker-dealers that operate
within a complex global regulatory framework. FinQloud may be used by a variety
of financial services firms managing data not only from NASDAQ OMX but also
from any number of sources.
Financial services firms are faced with new compliance requirements which aim
to increase transparency by providing regulators with access to more granular
data around financial activities. In turn, the volumes of data and cost of data
management for firms are increasing. FinQloud provides customers with a secure,
'industry-only' cloud platform for financial services applications designed to
immediately reduce technology burdens, aid in compliance and refocus resources
on revenue driving operations. These economic benefits are made possible
because of the scalability of a fully managed cloud solution that includes
infrastructure data management, virtualization and hosting.
As part of the initial launch, NASDAQ OMX plans to offer two solutions:
Regulatory Records Retention (R3) and Self Service Reporting (SSR). R3 will
provide broker-dealers with a storage and retrieval tool to help meet U.S.
Securities and Exchange Commission Rule 17a-4 record retention obligations at
substantially reduced cost and complexity. SSR will enable broker-dealers to
perform fast, on-demand analysis and reporting on their stored trade data. Both
R3 and SSR will be hosted on FinQloud and tailored specifically for members of
the financial services industry. R3 is expected to be available in the coming
months. To meet the stringent operational and regulatory security requirements
of the financial services industry and to protect data integrity, all
connections to FinQloud will be required to pass through a rigorous encryption
key management system, scheduled to be available in the coming months. The
encryption key management system will be housed in private NASDAQ OMX data
centers before directly connecting to AWS. A client's use of FinQloud's patent
pending R3 application will be subject to submission of required documentation
to their applicable regulator.
Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at
NASDAQ OMX, said; 'Working with AWS, the leader in cloud technology,
demonstrates our commitment to provide innovative solutions to the financial
services industry at large. FinQloud, as a protected warehouse for regulated
data, fosters efficient and reliable markets for investors. We will continue to
work with AWS on cloud technology offerings that foster transparency and
improve the quality of our markets.'
Andy Jassy, Senior Vice President of Amazon Web Services, said; 'Financial
services customers have unique regulatory requirements for many of their IT
projects, and high expectations for operational performance. With the strong
reliability, low cost, unmatched platform capabilities, and agility that AWS
provides, NASDAQ OMX's FinQloud offerings, R3 and SSR, are tailor-made for AWS
and cloud computing. Storing and retrieving data can be done quickly, easily,
and inexpensively. And with the scalability, cost-effectiveness, and
flexibility of the cloud, customers can quickly conduct analysis and reporting
regardless of the amount of data. With FinQloud, we're pleased that NASDAQ OMX
will be able to combine their expertise in financial markets and regulatory
compliance with the enterprise-class capabilities of the AWS Cloud.'
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.999%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
the FinQloud product and NASDAQ OMX's other products and offerings. We caution
that these statements are not guarantees of future performance. Actual results
may differ materially from those expressed or implied in the forward-looking
statements. Forward-looking statements involve a number of risks, uncertainties
or other factors beyond NASDAQ OMX's control. These factors include, but are
not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and
periodic reports filed with the U.S. Securities and Exchange Commission. We
undertake no obligation to release any revisions to any forward-looking
statements.
Amazon Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Actual results may differ significantly from management's
expectations. These forward-looking statements involve risks and uncertainties
that include, among others, risks related to competition, management of growth,
new products, services and technologies, potential fluctuations in operating
results, international expansion, outcomes of legal proceedings and claims,
fulfillment center optimization, seasonality, commercial agreements,
acquisitions and strategic transactions, foreign exchange rates, system
interruption, inventory, government regulation and taxation, payments and
fraud. More information about factors that potentially could affect
Amazon.com's financial results is included in Amazon.com's filings with the
Securities and Exchange Commission, including its most recent Annual Report on
Form 10-K and subsequent filings.
NDAQG
CONTACT: Media Contacts:
NASDAQ OMX
Robert Madden
+1 (646) 441-5045 (office)
+1 (347) 740-0191 (mobile)
Robert.Madden(at)NASDAQOMX.com
Amazon Web Services
Rena A. Lunak
+1 (206) 765-3455
lunak(at)amazon.com
News Source: NASDAQ OMX
25.09.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
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