Nasdaq OMX has gone to Amazon for a new service called FinQloud, where US financial services clients can store the data needed to meet increasingly granular SEC regs or analyze trade data.
FinQloud will host a patent-pending regulatory data retention product called Regulatory Records Retention, or R3, and a fast, on-demand analysis tool is called Self-Service Reporting, or SSR. R3 should be out in the coming months.
Brokers will be able to store order and transaction data and maintain records using FinQloud. That means multi-source data, not just Nasdaq-related trading info.