Modernizing Markets in the Cloud
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
The blueprint empowers market operators to execute their modernization strategies, optimizing their resource investments while focusing on operational excellence, enhancing competitive differentiation, satisfying their regulatory obligations, and driving innovation within their markets.
First Mover & Cloud Evangelist Since 2008
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
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
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
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
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.
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.
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.
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).
Discover Related Nasdaq Cloud Resources for Financial Markets
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.
Learn MoreNasdaq 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.
Learn MoreHow 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.
Learn MoreNasdaq 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.
Learn MoreNasdaq 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.
Learn MoreNasdaq 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.
Learn MoreOur 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.
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.
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.
Unlock Intelligence
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.
Cloud Evangelists for Tomorrow's Markets
Cloud News & Insights
Explore Our SaaS & Cloud Solutions
Verafin
Advancing our mission to safeguard the financial system and its participants
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Powerful, centralized, cloud-based technology platform providing access to more than 250 trusted data sets, available via API
Learn MoreNasdaq Intelligence Platform
Streamline operations with a complete platform that democratizes data access across your organization for immediate business advantage.
Learn MoreNasdaq Risk Platform
Minimizes risk and optimizes balance sheet liquidity across global markets & trading environments
Learn MoreNasdaq (SMARTS) Trade Surveillance
Effective cross-market, cross-asset, multi-venue surveillance technology to simplify the monitoring process
Learn MoreIR Insight
Maximize the value of your IR program with our multi-faceted platform built specifically for Investor Relations Teams
Learn MoreNasdaq Boardvantage®
The next generation of board portal and leadership team collaboration software
Learn MoreForward-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.