The Schwartz Cloud Report

Blog archive

NYSE Plans To Roll Out Cloud

The New York Stock Exchange (NYSE) plans to roll out a community cloud that will let its member firms acquire compute, storage and network capacity as well as Software as a Service.

Scheduled for an official launch in the coming months, under construction is a private cloud that would make it easier for firms to acquire capacity without having to incur capital expenditures, said Stanley Young, CEO of NYSE Technologies, which provides IT services for NYSE Euronext, the parent company of NYSE.

Speaking Monday at the High Performance Computing Linux Financial Markets Show and Conference in New York, Young emphasized NYSE is not building a public cloud. "There is still a lot of distrust with public clouds even though one could argue they are highly secure," Young said.  "A lot of compliance officers don't like that concept. But they like the concept of a community cloud, which is run by a brand like the NYSE."

Also presenting was Feargal O'Sullivan, NYSE Technologies' VP of platform development, who explained that one of the key goals was to provide member firms with rapid provisioning of service.

"Just call us up, tell us you want X amount of computing power. We will set it aside and then we will provide you with the interface to turn it on," O'Sullivan said. "So if a new user wants to get up and running with a strategy, forget about getting cabinets, forget about ordering servers...just log on to the Web site and sign up for X amount of storage, X amount of memory [and] X amount of CPU."

Asked about pricing, O'Sullivan said NYSE Technologies will start with a fixed resource pool with a monthly fee, "but we are looking to get to the point where we can make it more elastic."

Yet to be revealed are the vendors providing the infrastructure for the NYSE's cloud. "We're working very hard with some of the industry-leading players to make sure we have a very solid platform that really hits the ground running," he said in a brief interview following his presentation. "We are going to be making quite a big splash."

Posted by Jeffrey Schwartz on 04/06/2011 at 1:14 PM


comments powered by Disqus

Redmond Tech Watch

Sign up for our newsletter.

I agree to this site's Privacy Policy.