Transforming Capital Markets: Nasdaq Partners with AWS
Transforming Capital Markets through Strategic Innovation
In a significant move to enhance financial infrastructure, Nasdaq and Amazon Web Services, Inc. (AWS) have expanded their strategic partnership. This collaboration allows financial institutions the flexibility to deploy Nasdaq Calypso on the AWS platform, offering a fully managed service that combines the technological expertise of both companies. The objective is clear: modernize capital markets and treasury infrastructure for a more efficient financial ecosystem.
Understanding Nasdaq Calypso's Role
Nasdaq Calypso is a cutting-edge platform designed for capital markets and treasury management. It supports financial institutions by streamlining front-to-back-office operations, managing risk effectively, and ensuring compliance with evolving regulatory demands. By transitioning to a managed service model, institutions can avoid the complexities of maintaining infrastructure. This transition not only facilitates quicker deployment but also ensures that clients access the latest technological upgrades seamlessly.
Key Features of the Managed Service
The managed service model introduced by Nasdaq and AWS is tailored for today's fast-paced financial landscape. It allows institutions to continuously operate on the latest versions of the platform without the burden of infrastructure management. Clients benefit from improved resilience and security, thanks to the robust technology backed by Nasdaq and AWS.
The Impetus for Change in Financial Institutions
According to Magnus Haglind, Nasdaq's Head of Capital Markets Technology, the financial sector is at a crucial juncture. Institutions are grappling with the need for innovation alongside the constraints posed by outdated legacy systems. This partnership aims to address the urgent requirement for advanced technology and improved connectivity across capital markets. With the supremacy of cloud and managed services, Nasdaq is positioned to spearhead significant changes in the industry.
Insight from AWS’s Leadership
John Kain, AWS's Director of Financial Services Market Development, highlights the paradox facing financial institutions. Rapid technological advancement is essential; however, many still rely on legacy systems that support critical operations. The collaboration with Nasdaq enriches the Calypso platform, providing secure and high-performance infrastructure to navigate these challenges effectively.
Why Managed Services are Gaining Traction
The landscape of capital markets is changing due to regulatory reforms and evolving demands from clients. Financial institutions increasingly seek to consolidate their architectures while leveraging managed services solutions. This strategic shift allows them to harness modern technologies consistently and efficiently.
Advantages of Adopting Managed Services
The deployment of Nasdaq Calypso via AWS offers a sophisticated environment for managing crucial workflows like trading, risk, margin, and data analysis seamlessly. Key benefits include:
- Accelerated modernization through joint innovations in digital assets and AI for more efficient risk evaluations.
- Standardized implementation processes ensuring compliance with regulatory demands while facilitating flexibility for new business requirements.
- Increased operational efficiency and customized solutions for unique integration needs.
- Access to Nasdaq's comprehensive data management abilities, unlocking the potential for AI-driven analytics for both new and existing clients.
The Impact of Nasdaq Technology Worldwide
Nasdaq's technological solutions are indispensable, utilized by 97% of global systematically important banks (G-SIBs), a significant number of the world's top stock exchanges, central banks, and regulatory bodies. As a platform partner, Nasdaq draws from vast industry experience and cloud-managed service capabilities, helping financial services elevate their operational strategies amidst ongoing modernization trends.
About Nasdaq
Nasdaq (NASDAQ: NDAQ) stands as a pivotal global technology entity, assisting diverse clients—ranging from corporations to financial institutions—in navigating the complexities of the global financial system. The mission is to enhance liquidity, transparency, and overall integrity of the economic landscape through innovative platforms and data-driven analytics.
Contact Information
For inquiries, you can reach:
Nasdaq Contacts:
Andrew Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
Camille Stafford; +1 (234) 934 9513; Camille.Stafford@nasdaq.com
AWS Contact:
Naomi Little; +1 (771) 233 2089; njlittle@amazon.com
Frequently Asked Questions
What is Nasdaq Calypso?
Nasdaq Calypso is a capital markets and treasury management platform designed for financial institutions to streamline operations and manage risk effectively.
How does the partnership with AWS enhance Nasdaq's services?
This partnership allows Nasdaq to offer Calypso as a fully managed service on AWS, improving operational efficiency and technological resilience for clients.
Why are managed services becoming more popular in finance?
Managed services support financial institutions in modernizing their technology while simplifying operations amidst evolving regulatory requirements and market demands.
What benefits do clients receive from using Nasdaq Calypso?
Clients gain access to standardized implementations, regular updates, enhanced analytics capabilities, and customized solutions to optimize their financial operations.
How can I contact Nasdaq or AWS for more information?
You can reach Nasdaq contacts Andrew Hughes or Camille Stafford, and AWS contact Naomi Little via their respective email addresses provided in this article.
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