DGAP-News: Tradier Chooses NASDAQ OMX FinQloud to Build 'Cloud Brokerage in a Box'
(firmenpresse) - The NASDAQ OMX Group, Inc.
18.06.2013 16:00
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FinQloud Ecosystem Expands to Include Amazon Web Services' Compute, Network,
Storage and Database Solutions Allowing Market Participants to Build Scalable
and Reliable Applications
NEW YORK, 2013-06-18 16:00 CEST (GLOBE NEWSWIRE) --
Tradier, Inc. today announced they have selected NASDAQ OMX FinQloud, a secure,
cloud computing platform designed exclusively for the financial services sector
and powered by Amazon Web Services (AWS), to build their 'cloud brokerage in a
box.' Tradier is a newly formed next generation financial services technology
solution that provides a fully bundled trading platform for tool providers,
online banks and developers to create powerful online and mobile trading
experiences for their users. The company will use FinQloud's expanded ecosystem
of compute, network, storage and database solutions from AWS to build all
critical aspects of its offering that include a rich set of API's, Web/Mobile
Modules and secure services.
Through their collaboration with NASDAQ OMX FinQloud, Tradier will eliminate
the need to lease data center space and procure in advance a substantial amount
of technology infrastructure. This will enable end-to-end business operation in
a scalable, secure and cost effective manner. Tradier will reduce its product
development lifecycle and time-to-market by leveraging FinQloud instead of
deploying a traditional 'procure-develop-deliver' model. In addition, Tradier
Brokerage Inc.* (a subsidiary of Tradier Inc.) will use FinQloud's Regulatory
Records Retention (R3) data storage solution to assist in meeting its books and
records data storage requirements and will also use FinQloud's 'Query' search
and retrieval application for that data.
'Enabling innovation is at the heart of Tradier's game changing strategy and we
are delighted to work closely with like-minded companies such as NASDAQ OMX and
AWS,' said Dan Raju, Chief Executive Officer of Tradier, Inc. 'We believe this
relationship will help Tradier clients build and deliver powerful,
customer-centric applications for their users.'
The FinQloud ecosystem, which now includes even more AWS services, provides
customers access to a set of computing services from AWS which can be leveraged
for functions such as cost-effective storage, high performance computing,
mission-critical applications, and testing environments. FinQloud's expanded
set of services can be utilized alongside FinQloud's R3, a unique regulatory
data storage system that provides the first cloud-based Write Once Read Many
(WORM) compliant data storage solution that may be used by firms to comply with
Rule 17a-4 of the Securities and Exchange Act and CFTC Regulation 1.31. Firms
can now put their regulatory data to use in other systems, thereby providing
the opportunity to further reduce the cost and complexity of data management by
eliminating the need for redundant silos of storage and transfer solutions
across multiple systems.
'Providing a complete suite of AWS services in FinQloud represents the next
step forward in the transformation of the way the financial services industry
builds, provisions, and manages mission critical applications,' said Stacie
Swanstrom, Head of Access Services at NASDAQ OMX. 'We give customers the
ability to leverage AWS services alongside the secure R3 regulatory data
storage, further expanding the FinQloud ecosystem. This empowers market
participants to re-architect their businesses for the future.'
'FinQloud is removing the barriers that financial services organizations have
faced when launching new applications,' said Adam Selipsky, Vice President of
AWS. 'Tradier has built their entire business on FinQloud powered by AWS, and
is a great example of how innovators in the financial services industry are
bringing exciting new apps to market faster, avoiding large CapEx investments
and lowering costs while meeting their regulatory obligations. We're pleased to
continue our deep relationship with NASDAQ OMX in offering more AWS services to
the FinQloud platform, and congratulate Tradier on the launch of their
business, which will help customers save time and lower costs.'
About Tradier, Inc.:
Tradier, Inc. (www.tradier.com) is a financial services cloud platform provider
that offers a ground breaking platform to serve Platform Providers, Banks and
Traders. The Tradier offering features an innovative set of fully hosted API's,
modules and 'out of the box' tools that are leveraged by a growing list of
providers.
About Tradier Brokerage Inc.:
Tradier Brokerage, Inc. member FINRA, SIPC is an independent subsidiary of
Tradier Inc.
About FinQloud:
NASDAQ OMX FinQloud, powered by Amazon Web Services, is a secure, cloud
computing platform designed exclusively for the financial services sector.
FinQloud combines AWS cloud computing expertise with enhanced security from
NASDAQ OMX to provide cost-effective and efficient management, storage and
processing of financial data. FinQloud helps firms significantly reduce the
operational costs and complexities associated with data and infrastructure
management - enabling more effective deployment of scarce resources.
A product of NASDAQ OMX's unique financial technology domain expertise and
Amazon's secure, flexible and cost-effective cloud infrastructure, FinQloud
enables financial market participants to benefit from the economic and
performance advantages of cloud computing, in a manner designed to comply with
regulatory and security requirements. Flexible, reliable and highly scalable,
FinQloud is fully-managed and designed to immediately help firms reduce their
technology burden, aid in compliance and refocus resources on revenue driving
activities, even as data volumes and regulatory initiatives continually rise.
To learn more visit www.nasdaqomx.com/FinQloud or contact
FinQloud(at)nasdaqomx.com
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 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
FinQloud 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 and data 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: Tradier Media Contact:
press(at)tradier.com
NASDAQ OMX Media Contact:
Robert Madden
+1 (646) 441-5045 (office)
+1 (347) 740-0191 (mobile)
Robert.Madden(at)NASDAQOMX.com
News Source: NASDAQ OMX
18.06.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
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ISIN: US6311031081
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