Nasdaq, Inc. (NASDAQ:NDAQ) immediately introduced it has efficiently accomplished the migration of the core buying and selling system of Nasdaq GEMX, certainly one of Nasdaq’s six choices exchanges, to Amazon Internet Companies (AWS).
The brand new cloud-enabled market infrastructure, which makes use of AWS Outposts, delivers as much as a ten% enchancment in latency and the power to extra seamlessly regulate capability in response to altering market situations, in the end delivering a greater buying and selling atmosphere for market members.
GEMX processes 12 billion in each day messaging, 71% increased each day message quantity than the MRX Choices Trade, which was migrated to AWS final 12 months in December.
Nasdaq GEMX is Nasdaq’s third market to perform the transfer to AWS following Nasdaq MRX in 2022 and the Nasdaq Bond Trade (NBE) earlier in 2023. Shifting markets to the cloud requires the migration of an intricate internet of processes, techniques and native protocols which might be utilized by a number of layers of the general capital markets ecosystem. Nasdaq efficiently dealt with huge volumes of message visitors whereas managing a big selection of real-time market situations, making certain a seamless expertise for market members.
Moreover, Nasdaq is investing in its major information heart in Carteret, New Jersey, Equinix’s NY11 Worldwide Enterprise Trade® (IBX®), which serves as the middle of gravity for Nasdaq’s US markets, together with its cloud infrastructure. As beforehand introduced, Nasdaq is increasing the present colocation facility to satisfy the rising demand of members that search proximity to the Nasdaq buying and selling techniques. The expanded and enhanced facility will present the optimum atmosphere for the following era of compute workloads and supply shoppers entry to a wider vary of providers and capabilities.
“At Nasdaq we take a shopper centric method to the adoption and migration of superior applied sciences to reduce danger and guarantee shoppers can capitalize on the long-term advantages our modernization efforts ship,” stated Tal Cohen, Co-President, Nasdaq. “As a number one market operator and international supplier of important market infrastructure we’re dedicated to persevering with our journey to modernize the worldwide monetary ecosystem and unlocking the facility of cloud applied sciences.”
“Collectively, our groups are persevering with to assist Nasdaq redefine the way forward for capital markets by shut collaboration and use AWS capabilities to ship measurable advantages for our mutual shoppers,” stated Scott Mullins, managing director, Worldwide Monetary Companies at AWS. “We look ahead to persevering with to work alongside Nasdaq to realize its long-term objectives for working a versatile but scalable atmosphere with out compromising the efficiency of important, ultra-low latency techniques.”