The NYSE Euronext group is preparing to launch a financial trading cloud which piggybacks on a global low-latency communications network.
The Capital Markets Community Platform, announced on Wednesday, is a cloud for provisioning compute resources on an as-needed basis to test trading algorithms against market datasets. It also processes trading statements and automatically generates regulatory filings. It has been developed in collaboration with virtualisation specialist VMware and storage hardware vendor EMC.
"The Capital Markets Community Platform is designed to securely and efficiently process mission-critical financial services tasks," NYSE Euronext said in a statement. "[It] expedites the creation and launch of new trading strategies and third-party services to the capital markets community through the rapid provisioning of computing power and market data within an ultra-flexible, high-performance cloud framework."
The platform, which hooks into NYSE Euronext's global network of financial markets, is expected to go live on 1 July. It is in beta with a range of customers, the group said.
Customers of the service will gain access to a variety of NYSE technologies, including Superfeed, which allows for microsecond data transmission between the group's global markets; the Risk Management Gateway, which computes risk on trades; the Managed Transactions Hub; and the global Liquidity Network, which allows access to pools of trading capital from hubs in the US and UK, with plans to expand to Asia, Latin America and other locations.
All the services will be delivered via the group's Secure Financial Transaction Infrastructure (SFTI) technology, which is a low-latency communications backbone for the financial industry.