Nasdaq OMX, Amazon to Partner on Cloud Storage of Data
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Nasdaq OMX Group Inc. agreed to partner with Amazon.com Inc. to give U.S. brokers a new way to store data and records that regulators require them to maintain.
Instead of keeping trading and other information in their own data centers, brokers will be able to put it on servers run by Amazon, according to executives from the companies. Access and encryption will be provided by Nasdaq OMX, according to Eric Noll, executive vice president for transaction services at the New York-based exchange operator.