Nasdaq and Amazon Web Services (AWS) have expanded their strategic technology partnership to provide the capability for financial institutions to deploy its Calypso platform onto AWS.
Magnus Haglind
Specifically, the new offering will allow clients to access Nasdaq Calypso as a fully managed service powered by AWS, supported by Nasdaq-managed underlying technology.
The expansion is set to enable quicker deployment and more seamless upgrades by removing the need for institutions to be responsible for the maintenance of the platform’s underlying infrastructure.
In addition, clients will be able to operate continuously on an updated, advanced version of the platform to quickly benefit from and connect to new capabilities delivered by the two firms.
“Market participants face an urgent need to embrace innovation, regulatory change and industry-wide connectivity at scale but are increasingly constrained by complex and fragmented legacy architecture,” said Magnus Haglind, head of capital markets technology at Nasdaq.
“This is a strategic inflection point for infrastructure across the capital markets ecosystem. As cloud and managed services increasingly become the preferred model for mission-critical platforms, our expanded collaboration with AWS positions Nasdaq to lead this industry-wide transformation.”
The offering forms part of an effort the modernise capital markets and treasury infrastructure, and Nasdaq Calypso’s deployment, powered by AWS, is set to deliver accelerated technology modernisation, standardised implementation, regular updates coinciding with regulation, enhanced operational efficiency and access to Nasdaq’s intelligence and data capabilities.
Currently, Nasdaq Calypso operates as a platform enabling institutions to process front-to-back workflows, manage risk, and meet regulatory standards.
“Today, financial institutions are faced with a technological paradox – needing to innovate their technology stack rapidly while maintaining legacy infrastructure to support mission-critical operations,” said John Kain, director of financial services market development at AWS.
“Our expanded collaboration enhances Nasdaq Calypso’s solution with high-performing, scalable and secure infrastructure.”
The offering marks a further development for Nasdaq in recent months. In September, the exchange submitted a filing to the US Securities and Exchange Commission (SEC), in a move which, if approved, will enable Nasdaq member firms to trade tokenised versions of equity securities and exchange traded products (ETPs) as regular securities.
Additionally, in June Nasdaq announced that it had connected blockchain-based technology, the Canton Network, to its Calypso platform, facilitating end-to-end margin and collateral workflows.