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. “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. Mayumi Hiramatsu, Vice President at Amazon Web Services, said the pilot showed a path to free up customers from maintaining legacy on-premises infrastructure. Aquis and SGX are looking at how to take forward findings from their pilot with Amazon, which they say could bring savings of up to 90%.

Source: The Express Tribune November 23, 2020 03:22 UTC