Nasdaq and Amazon Web Services, Inc. (AWS) have announced today the expansion of their technological partnership, giving financial institutions the possibility of developing Nasdaq Calypso on AWS.
It will be offered as a fully managed service powered by AWS, with the underlying technology managed by Nasdaq, as companies seek to modernize the next generation of Treasury capital markets and infrastructure.
Nasdaq Calypso is a treasure and treasure management platform that allows financial institutions to process work flows in front of a back, manage the risk and meet their regulatory obligations. It was delivered as a managed service, eliminates the need for institutions to maintain the platform’s underlying infrastructure, which allows faster growth and offers more smooth upgrades. This ensures that customers work firmly in the most advanced version, benefit from the durability and safety of proven critical technology and are rapidly linked to innovative new capabilities developed by Nasdaq and AWS.
“Market participants face urgent need to embrace innovation, regulatory changes and connectivity throughout the industry on a scale, but are increasingly limited by the complex and fragmented heritage architecture,” said Magnus Haglind, head of technology. “This is a strategic turning point for infrastructure throughout the capital market ecosystem. As the Cloud and Managed services are becoming more and more the preferred model for platforms critical for the mission, our expanded collaboration with AWS NASDAQ positions to drive this transformation throughout the industry.”
“Today, financial institutions are facing a technological paradox-which must innovate their technological stack rapidly while maintaining the Legacy infrastructure to support the mission’s critical work,” said John Kain, Director of Financial Services. “Our expanded cooperation enhances the solution of Nasdaq Calypso with high performance, scaled and safe infrastructure. This is another perfect example of the way Nasdaq takes advantage of AWS to deliver more agile, durable economic infrastructure that is more ready for the industry.”
This move marks another important milestone in the Nasdaq and AWS partnership throughout Nasdaq capital markets and technology platforms. By accelerating the adoption of platforms managed by managed services, the Shipment Crucial Solutions can approach a single environment to create a more flexible platform for the common modernization. The approach also reduces real -time data friction between systems, simplifies data architecture and authorizes the promotion of AI analyzes to enhance business efficiency and unlock new growth opportunities.
The convergence of continuing market reforms, evolving regulatory requirements and geopolitical factors impose significant new demands on capital markets and treasury management infrastructures. Many Financial Services Institutions seek to consolidate their underlying architecture and shift to services management solutions to benefit from modern technology and regularly improve potential.
The NASDAQ CALYPSO development model, powered by AWS, offers a consolidated environment for the management of transactions, risk, margin, work flows and data analyzes.
Institutions will benefit from:
- The accelerated modernization of technology, including the common commitment of Nasdaq and AWS for innovation with access to improved capabilities in digital assets and AIs, as well as AWS Elastic Data Grid for faster and optimized risk calculations.
- Standardized implementation and regular updates to cover the evolving regulations and flexibility to comply with new orders, as business expansion is causing new requirements.
- Enhanced operational efficiency throughout the platform, including a simplified test environment and flexibility to adapt the platform to cover completion and data flows.
- Access to integrated NASDAQ data management and data management capabilities, which allow AI analytical data to utilize the value of integrated data across the platform. This will be available to both new and existing cloud customers.