{"id":8959,"date":"2013-09-23T10:00:00","date_gmt":"2013-09-23T10:00:00","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/blog-hub\/2013\/sep\/23\/nyses-tick-as-a-service-shows-cloud-use-is-growing-in-the-capital-markets\/"},"modified":"2013-09-23T10:00:00","modified_gmt":"2013-09-23T10:00:00","slug":"nyses-tick-as-a-service-shows-cloud-use-is-growing-in-the-capital-markets","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/nyses-tick-as-a-service-shows-cloud-use-is-growing-in-the-capital-markets\/","title":{"rendered":"NYSE\u2019s \u201cTick as a Service\u201d shows cloud use is growing in the capital markets"},"content":{"rendered":"<p><strong>Rik Turner, Senior Analyst, Financial Services Technology<\/strong><\/p>\n<p>NYSE Technologies, the technology products and services arm of the New York Stock Exchange, is teaming with UK software developer First Derivatives to launch &ldquo;Tick As A Service,&rdquo; an offering that will enable firms carrying out backtesting on algorithms and compliance checking to access large volumes of historical tick data directly from its facilities. <\/p>\n<p>Payment is currently by monthly subscription rather than on a pay-per-use basis, and the data is presently stored separately for each customer, but the plan is to move to a central store, which suggests on-demand payment will become possible. <\/p>\n<p>Ovum sees the launch as a further sign of the advance of cloud in the financial markets and recommends that companies with large-scale backtesting or compliance workloads consider the new service.<\/p>\n<h3>Data-as-a-service helps reduce capex on hardware and management<\/h3>\n<p>The partnership with First Derivatives is designed to enable companies that &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rik Turner, Senior Analyst, Financial Services Technology<br \/>\nNYSE Technologies, the technology products and services arm of the New York Stock Exchange, is teaming with UK software developer First Derivatives to launch &ldquo;Tick As A Service,&rdquo; an &#8230;<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8959","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/8959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=8959"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/8959\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=8959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=8959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=8959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}