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Cboe Partners With Snowflake to Move Corporate Data to Cloud

  • Tech firm’s platform can also guard against cyber attacks
  • Exchanges turn to cloud to offload data, analytics functions
Updated on

Cboe Global Markets Inc. is working with Snowflake Inc. to shift its corporate data and analytics software to the cloud, as exchanges elect to offload certain technology functions to outside firms.

Cboe plans to integrate more capabilities through Snowflake’s service, and to use the technology firm as a security blanket to detect and respond to potential cybersecurity attacks, the Chicago-based exchange said. Snowflake’s platform can create a more seamless experience for users, said Eileen Smith, senior vice president of data and analytics at Cboe.