Nasdaq and AWS to Advance Capital Markets and Banking Infrastructure Across the Financial System

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    Modernizing Markets in the Cloud

    Unlock New Era of Growth For Global Capital Markets

    For the past 50 years, Nasdaq has strived to reimagine markets to realize the potential of tomorrow. Explore market modernization in the cloud and Nasdaq's blueprint for a cloud-enabled future. 

    A Blueprint for the Next Generation of Markets with Resilience and Optionality

    Nasdaq's Journey to the Cloud

    First Mover & Cloud Evangelist Since 2008

    Cloud Journey

    Pre-2020

    Foundational Data & Systems

    • Gradually and systematically moved our systems to the cloud in a safe, reliable and controlled way
    • From T+1 to real-time
    • Critical RegSCI systems preparing to move trade engine
    • Enterprise services/functions: Encryption, Key management
    • Gradually and systematically moved our systems to the cloud in a safe, reliable and controlled way
    • From T+1 to real-time
    • Critical RegSCI systems preparing to move trade engine
    • Enterprise services/functions: Encryption, Key management
    Cloud Journey

    2020-2021

    Testing Our Strategy

    • Drastic increases in volumes provided confidence and conviction to pursue our cloud journey at an accelerated pace
    • 60B messages through market systems; 200B+ records into Nasdaq Data Warehouse
    • Cloud enabled us to provision additional capacity at a critical time without impacting other workloads critical to our day-to-day operations
    • Drastic increases in volumes provided confidence and conviction to pursue our cloud journey at an accelerated pace
    • 60B messages through market systems; 200B+ records into Nasdaq Data Warehouse
    • Cloud enabled us to provision additional capacity at a critical time without impacting other workloads critical to our day-to-day operations
    Cloud Journey

    2022-2024

    Building the Next Generation

    • First global exchange operator to take a major regulated market to cloud technology -  Nasdaq’s MRX Options Exchange and Nasdaq Bond Exchange (NBE) moved to AWS in 2022

    • In 2023 GEMX becomes 2nd U.S. Options Exchange to move to AWS

    • Cloud technology enabled Nasdaq to process four times as much message traffic as five years ago

    • Launched first SEC approved exchange order type powered by AI called Dynamic MEL-O

    • First global exchange operator to take a major regulated market to cloud technology -  Nasdaq’s MRX Options Exchange and Nasdaq Bond Exchange (NBE) moved to AWS in 2022

    • In 2023 GEMX becomes 2nd U.S. Options Exchange to move to AWS

    • Cloud technology enabled Nasdaq to process four times as much message traffic as five years ago

    • Launched first SEC approved exchange order type powered by AI called Dynamic MEL-O

    Transforming Capital Markets of Tomorrow

    2025 & Beyond

    Transforming the Capital Markets of Tomorrow

    • Launched an industry modernization blueprint for critical capital market infrastructure 

    • Johannesburg Stock Exchange (JSE), Mexico’s Grupo BMV and Nasdaq’s Nordic markets will be the first markets globally to modernize their infrastructure and operating model in line with the blueprint

    • Launched an industry modernization blueprint for critical capital market infrastructure 

    • Johannesburg Stock Exchange (JSE), Mexico’s Grupo BMV and Nasdaq’s Nordic markets will be the first markets globally to modernize their infrastructure and operating model in line with the blueprint

    Over the past decade, we have been systematically moving elements of the Nasdaq portfolio into the cloud. As we look to redefine the capital markets of the future and tackle transformation of our critical infrastructure for the decades ahead, we are committed to creating an interconnected gateway in the cloud.

    Nasdaq's Journey to the Cloud

    Over a decade ago, we embarked on our journey to the cloud, starting with foundational data storage, T+1 reporting, and billing workloads. Since then, we’ve systematically moved closer to the matching engine and moved ultra-low latency trading to the cloud. 

    Our Strategy

    Client-Centric Approach

    Our approach to the cloud aims to democratize access, providing our clients across the globe with greater agility and the opportunity to get to market with initiatives quicker and with less complexity.

    Our approach to the cloud aims to democratize access, providing our clients across the globe with greater agility and the opportunity to get to market with initiatives quicker and with less complexity.

    Cloud-First Development

    We believe in the benefits that cloud computing will bring to the capital markets and are committed to leading development efforts in the cloud, balanced by regulatory, data governance and client requirements.

    We believe in the benefits that cloud computing will bring to the capital markets and are committed to leading development efforts in the cloud, balanced by regulatory, data governance and client requirements.

    Markets Transformation

    As a primary driver of capital markets technology evolution, we are focused on fueling collaboration and innovation in the cloud to power and transform the next 50 years of our industry.

    As a primary driver of capital markets technology evolution, we are focused on fueling collaboration and innovation in the cloud to power and transform the next 50 years of our industry.

    Nasdaq and AWS to Unlock a New Era of Growth for Global Capital Markets 

    Reimagining Marketplace Technology in the Cloud

    When it comes to capital markets, there is no doubt that we are a cloud evangelist at Nasdaq. Learn more about how we are building the next generation of cloud-enabled infrastructure for the world’s capital markets with Amazon Web Services (AWS).

    Nasdaq Journey to Cloud
    Dec 02, 2022

    Discover Related Nasdaq Cloud Resources for Financial Markets

    Cloud State of Play: Cloud Adoption Among FMIs

    2024 Outlook

    Cloud-Enabled Data Management as the Gateway to FMI Innovation Technology modernization has become a familiar theme for financial markets as trading and data volumes rapidly grow. At the same time, industry adoption of transformative technologies like cloud and AI is maturing, which in turn accelerates client expectations for connectivity, transaction speed and enhanced services. 

    Cloud-Enabled Data Management as the Gateway to FMI Innovation Technology modernization has become a familiar theme for financial markets as trading and data volumes rapidly grow. At the same time, industry adoption of transformative technologies like cloud and AI is maturing, which in turn accelerates client expectations for connectivity, transaction speed and enhanced services. 

    Regulatory considerations for FMIs

    Planning for Cloud

    As market infrastructures advance their cloud strategies and relationships with cloud service providers (CSPs), it’s vital they bring regulatory stakeholders in early and often. This overview, informed in part by Nasdaq’s experiences, looks at the key areas for FMIs to engage with regulators and vendors on —from security and resilience to risk management and architecture.

    As market infrastructures advance their cloud strategies and relationships with cloud service providers (CSPs), it’s vital they bring regulatory stakeholders in early and often. This overview, informed in part by Nasdaq’s experiences, looks at the key areas for FMIs to engage with regulators and vendors on —from security and resilience to risk management and architecture.

    TCO FMI Cloud WP

    FMIs and Cloud

    Technology continues to pace the evolution of markets. But for financial market infrastructures (FMIs), cloud transformation can be challenging to assess using a traditional total-cost-of-ownership (TCO) framework. In a paper from Celent, commissioned by Nasdaq, a rethought TCO equation is argued for that captures the holistic costs of FMIs “standing still.”

    Technology continues to pace the evolution of markets. But for financial market infrastructures (FMIs), cloud transformation can be challenging to assess using a traditional total-cost-of-ownership (TCO) framework. In a paper from Celent, commissioned by Nasdaq, a rethought TCO equation is argued for that captures the holistic costs of FMIs “standing still.”

    Future-Ready Markets: Turning Data Challenges into Opportunities

    Future-Ready Markets

    Technology modernization has become a familiar theme for financial markets as trading and
    data volumes rapidly grow. At the same time, industry adoption of transformative technologies like cloud and AI is maturing, which in turn accelerates client expectations for connectivity, transaction speed and enhanced services.

    Technology modernization has become a familiar theme for financial markets as trading and
    data volumes rapidly grow. At the same time, industry adoption of transformative technologies like cloud and AI is maturing, which in turn accelerates client expectations for connectivity, transaction speed and enhanced services.

    Cloud Use Cases

    Nasdaq Extends Access to Essential Market Data via the Cloud

    Nasdaq announced the launch of its Nasdaq Data Link API, modernizing the traditional data distribution by providing asset managers and investors access to real-time, streaming exchange data, index and fund data through cloud-based technology.

    Nasdaq Data Link Provides Real-time Data With Efficiency and Scale to Unhedged

    Fintech firm Unhedged leverages Nasdaq Data Link API, hosted by Amazon Web Services (AWS), to deliver institutional-quality data and productivity tools that fit the needs of both individual consumers and professional investor enterprises.

    How Bitstamp Is Leveraging Nasdaq Trading Technology to Innovate Its Crypto Market

    Bitstamp’s Chief Technology Officer David Osojnik shares how Nasdaq’s trading technology has contributed to Bitstamp’s strategic objectives and commitment to providing best-in-class services to over four million customers around the world.

    Cloud-Enabled GenAI Use Cases

    Nasdaq Calypso Back Office

    Nasdaq Eqlipse Intelligence Platform Empowers Market Operators to Master their Data

    Nasdaq Eqlipse Intelligence Platform is a powerful cloud-first intelligence platform designed to democratize data access, enhance operational efficiency and drive new revenue streams for market operators. The platform addresses key challenges facing market operators ensuring they stay competitive and agile in a rapidly evolving industry. 

    Nasdaq Calypso Front Office

    Nasdaq Sustainable Lens® Enhances Decisions, Productivity, and Credibility with AI

    Nasdaq Sustainable Lens is an ESG assistant trained to query specialized knowledge bases comprised of thousands of sustainability disclosure documents, sustainability regulations, and voluntary standards. The solution can help accelerate access to the insights you need to operate in a mandatory disclosure environment that requires precision, speed, and credibility. 

    Calypso Back Office

    Nasdaq Trade Surveillance (SMARTS) Enhances Trade and Market Surveillance with AI

    Nasdaq's recent generative AI solution that improves trade and market surveillance technology for regulators and marketplaces globally. Streamlining the triage and examination process, the generative AI technology empowers clients to more effectively monitor and detect potential market manipulation and insider dealing. 

    Our Vision for Tomorrow's Markets

    We are driving markets forward by embracing the cloud to unlock greater business insights, accelerate innovation and optimize operational excellence for the evolution of our participants, the greater capital markets and beyond.

    Fuel Innovation

    The cloud provides the foundation required to take capital markets further, fostering innovation and activating the API economy to produce smarter, more efficient offerings for Nasdaq, and all market participants.

    The cloud provides the foundation required to take capital markets further, fostering innovation and activating the API economy to produce smarter, more efficient offerings for Nasdaq, and all market participants.

    Enhance Resiliency

    Moving markets to the cloud drives greater efficiency and resiliency, enabling our clients to respond dynamically to market conditions while allowing them to increase capacity more intelligently.

    Moving markets to the cloud drives greater efficiency and resiliency, enabling our clients to respond dynamically to market conditions while allowing them to increase capacity more intelligently.

    Next-Generation Markets

    The cloud provides marketplaces and participants alike with the agility and scalability required to operate in next-generation markets.

    The cloud provides marketplaces and participants alike with the agility and scalability required to operate in next-generation markets.

    Gain Unfettered Access

    The cloud can lower barriers of entry for market participation and democratize access to data.

    The cloud can lower barriers of entry for market participation and democratize access to data.

    Unlock Intelligence

    Cloud computing enables AI-driven technologies and alternative data to reveal unique, undiscovered insights.

    Cloud computing enables AI-driven technologies and alternative data to reveal unique, undiscovered insights.

    Drive Digital Transformation

    By implementing a platform strategy in the cloud, we can help fuel the digital transformation required to adapt and thrive.

    By implementing a platform strategy in the cloud, we can help fuel the digital transformation required to adapt and thrive.

    Cloud Evangelists for Tomorrow's Markets

    Cloud News & Insights

    Contact Us

    Please reach out directly to your Nasdaq contact or let us know how we can help.

    Explore Our SaaS & Cloud Solutions

    Fight Financial Crime

    Verafin

    Advancing our mission to safeguard the financial system and its participants

    Gain Actionable Insights

    Nasdaq Data Link

    Powerful, centralized, cloud-based technology platform providing access to more than 250 trusted data sets, available via API

    Launch a Marketplace in the Cloud

    Marketplace Services Platform

    Facilitate the frictionless exchange of assets, services & information across markets

    Real-Time Data

    Nasdaq Intelligence Platform

    Streamline operations with a complete platform that democratizes data access across your organization for immediate business advantage.

    FOR RISK MANAGEMENT

    Nasdaq Risk Platform

    Minimizes risk and optimizes balance sheet liquidity across global markets & trading environments

    Maintain Market Integrity

    Nasdaq (SMARTS) Trade Surveillance

    Effective cross-market, cross-asset, multi-venue surveillance technology to simplify the monitoring process

    GAIN INVESTOR INSIGHT

    IR Insight

    Maximize the value of your IR program with our multi-faceted platform built specifically for Investor Relations Teams

    OPTIMIZE GOVERNANCE PRACTICES

    Nasdaq Boardvantage®

    The next generation of board portal and leadership team collaboration software

    Forward-Looking Statements. This communication contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to the formation of a partnership between Nasdaq and AWS and the benefits of the partnership, and statements about Nasdaq and its plans, objectives, expectations, intentions, products and offerings. When used in this communication, words such as "intends", "plans", "will", “believes”, "expected”, “projected” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. 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 the control of Nasdaq. These factors include, but are not limited to, factors detailed in Nasdaq’s annual report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. The forward-looking statements included in this communication are made only as of the date hereof. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law.