Amazon pilot lifts stock exchanges into the cloud

LONDON: A pilot by online giant Amazon and two stock exchanges showed how moving share trading from costly physical servers to cloud computing could save money and reduce the potential for outages, the companies said on Friday.
The Singapore Exchange SGX, London-based Aquis Exchange and Amazon Web Services said they undertook a proof of concept to show that trading shares in the cloud can be sufficiently fast and reliable.
“It’s proven to be technically capable,” said Adrian Ip, a director at Aquis Exchange’s technology arm.
Exchanges using the cloud to date for trading are limited in size or niche, such as dealing in crypto assets, Ip said.
Amazon’s move into “multicast” or an ability to send data to many parties at the same time in the cloud, a key requirement for any exchange of size, was a breakthrough, Ip said.