Nasdaq to Move Markets to Amazon’s Cloud

Nasdaq’s ambition is to become “one hundred percent cloud-enabled,”

Adena Friedman,

the company’s chief executive, said in announcing the move Tuesday at an AWS industry conference in Las Vegas. “We will follow with more of our markets as we work closely with clients,” Ms. Friedman said.

Nasdaq has previously said all of its more than 25 markets will be hosted in the cloud within the next decade.

They include six equity markets in North America, including the Nasdaq Stock Market, as well as six equity derivative markets, the Nasdaq Baltic and Nasdaq Nordic markets, and fixed-income and commodity markets.

The financial-services sector has been slower to adopt cloud computing than other industries, stemming in part from the tight regulatory oversight of banks and exchanges, as well as concerns over breaches of sensitive client data.

“To the extent that they don’t disintermediate their trading partners and investors, moving to the cloud gives exchanges greater flexibility, as well as enables more people to connect, enables people to connect easier,” said

Larry Tabb,

head of market-structure research at Bloomberg Intelligence.

Earlier this month,

CME Group Inc.

and

Alphabet Inc.’s

Google struck a deal to move CME’s core trading systems to the cloud.

Write to John McCormick at [email protected] and Angus Loten at [email protected]