Rising to New Heights: Capital Markets Go Cloud-First
- FIO
- Jan 31, 2023
- 3 min read
Welcome to the inaugural edition of the FIO monthly newsletter! In this newsletter, we will be discussing the latest trends and developments in the capital markets industry, and highlighting various digital transformation efforts to the cloud.
The capital markets industry is constantly evolving, and it's more important than ever to stay informed about the latest technology and trends that are shaping the future of this industry. You will have access to expert insights and analysis on these important topics, and stay ahead of the curve when it comes to industry developments.
In future blog posts we will cover topics such as cloud-based trading platforms, Digital FX, ESG & Carbon Trading, and more. Thanks for joining us, and we look forward to sharing our insights with you. Feel free to contact us to get the conversation started.
National Australia Bank (NAB) migrated its Murex trading platform to Amazon Web Services (AWS) to enhance its capital market activities by improving performance and agility.
The bank used Murex's MX.3 platform for trading, risk, and processing functions. It found that its on-premises data center was limiting its ability to perform optimally and engage in innovation, so it migrated to AWS, which increased computational capacity and flexibility. The migration took 15 months to complete and involved NAB working with AWS Professional Services for support.
The migration resulted in improved performance, stability, and resiliency with no outages reported.
Numerix, a financial technology company, needed to find a way to scale its high performance computing (HPC) solution as client portfolios grew in size. They were able to do this by migrating their HPC analytics solution to Amazon Web Services (AWS) and using AWS Batch, which provides fully managed batch processing at any scale.
This allowed Numerix to run calculations that used to take a month in under 40 minutes, near real-time for trade and risk management. By using dynamic resource allocation on AWS, Numerix can now meet demanding client constraints more effectively, by providing service-level agreements of 40 minutes or less on portfolios with tens of thousands of trades.
They also use AWS Step Functions, a low-code, visual workflow service for modern applications, to run its serverless capabilities and Amazon Simple Storage Service (Amazon S3) for increased memory and storage capacity.
This has allowed Numerix to be more prepared to take on larger portfolios and respond to sizing changes in days or hours.
State Street has entered a multi-year technology transformation, engaging Amazon Web Services (AWS) and Microsoft as cloud and infrastructure providers to consolidate its current network of segregated data center facilities to a more optimized data center footprint.
Two core North American data centers will migrate to AWS, while State Street will expand the use of Microsoft Azure cloud as a platform for business applications
MSCI announced a strategic alliance with Google Cloud to build a cloud-native investment data acquisition and development platform.
This will allow MSCI to acquire, ingest, and process structured and unstructured data at scale and more quickly than ever before. Additionally, Google Cloud will provide MSCI with geospatial analytics tools to help quantify physical and transition climate risk metrics
Thank you!
Thank you for joining us on this exciting journey as we delve into the world of capital markets and cloud transition. We're thrilled that you took the time to visit our first blog post and hope that you found it both insightful and engaging.
As we continue to explore this rapidly evolving industry, we welcome your feedback and suggestions for future topics. We're committed to providing valuable information to our readers and ensuring that your experience with us is informative and enjoyable.
So, stay tuned for more updates and keep the conversation going! We're looking forward to sharing more with you in the future.
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