Nasdaq and the Cloud

Fueling the Next Generation of Markets

With disruption in our DNA, we view technology as the conduit to greater opportunities, everywhere. For more than a decade, we have used the elasticity, rapid scale and innovation capabilities of the cloud to deliver client-driven solutions in data, analytics and technology while evolving our own infrastructure for tomorrow.

As we look to redefine the market ecosystems of the future and tackle transformation of our critical infrastructure for the decades ahead, we are committed to creating an interconnected future – one that is safer and stronger for everyone, in the cloud.

Our Strategy

Client-centric

Our approach to the cloud has been designed with our clients in mind, first and foremost. We believe that markets are for everyone, and we strive to democratize access while providing our clients across the ecosystem with greater agility and the opportunity to get to market with initiatives quicker and with less complexity.

Cloud-first

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

Multi-cloud

We have implemented a multi-cloud strategy, working with several public cloud providers to empower us to service the unique needs, varying use cases and diverse geographies of our client community including buy-side organizations, broker-dealers, investment banks, market infrastructure operators, regulators and corporates in 50+ countries.

Gain Unfettered Access

Cloud can lower barriers of entry for market participation, enabling new participants while also democratizing access to data.
Unlock Intelligence

Cloud computing unlocks an environment that promotes new intelligence by enabling AI-driven technologies and alternative data to reveal unique, undiscovered insights.
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 ecosystem participants.
Drive Digital Transformation

We believe that implementing a platform strategy in the cloud, we can help fuel the digital transformation required to survive and thrive through the next wave of evolution, with marketplaces as the cornerstone of the digital economy.
Grow in Next-Generation Ecosystems

The cloud has the power to provide marketplaces and participants alike with the agility and scalability required to operate in the next-generation ecosystems with new data sources and asset classes, changing participant make up and an even more interconnected global economy.

Adena Friedman

Every exchange system, for the most part, is on-premise, sits in a data center, and becomes a very bespoke offering by each exchange. And then you have an ecosystem that sits within the data center as well. If you lift that into the cloud, then you have an opportunity to look at it on a more broad basis in terms of it being a platform for transactions that occur across the world.

President and CEO, Nasdaq

Nikolai Larbalestier

By embracing the cloud, we can more easily integrate disparate systems and create a foundation for separate entities to communicate.

Senior Vice President, Enterprise Architecture and Performance Engineering, Nasdaq LEARN MORE

Lars Ottersgård

Over the last year, markets and marketplaces have come to accept both the multi-cloud and hybrid strategy. There is a growing acceptance of an expanded ecosystem where workloads and data are on premise, in one cloud or in multiple clouds.

Executive Vice President, Market Technology, Nasdaq LEAR MORE

Lauren Dillard

Nasdaq utilizes the best technology the world has to offer to make markets more accessible. Nasdaq Cloud Data Service is a significant advancement in the financial data space, as it uses the cloud to stream important, real-time market data tailored to our clients’ specific needs.

Executive Vice President, Global Information Services, Nasdaq LEARN MORE

Our Journey to the Cloud

2010: SaaS-Based Trade Surveillance

Acquired best-of-breed SaaS-based trade and market surveillance provider, SMARTS Group which paved the way for industry-standard, cross-market surveillance.

2012: Compliant Books & Records Storage

Established FinQloud, the first ever cloud-based SEC 17a-4 compliant storage for Books & Records.

2014: Revenue Management System

Migrated entire equities transactional billing system of record and the supporting reporting to a cloud environment.

2015: Data Warehouse

Expanded upon transactional billing to cover all Nasdaq US Markets, and consolidated with additional data including regulatory reporting and economic data.

2019: Cloud-Optimized Matching

Launched flexible, SaaS trading engine offering the same rich functionality proven in Nasdaq on-prem installations worldwide.

2020: Cloud Data Service

Extended access to essential market data, including real-time exchange, index and fund data in the cloud, thus modernizing traditional data distribution.