Best Practices: Cloud Strategies in Practice — NYSE Financial Community Cloud

Authors: Michael Versace, Sean O'Dowd

Best Practices
August, 2011 - Doc # FIN229785
Number of Pages: 11
Number of Figures: 2

This IDC Financial Insights report presents strategies in practice through a use case of NYSE Euronext and its adoption of cloud technologies. This study highlights the business challenges and competitive conditions of the NYSE Technologies services marketplace, the decision process leading to cloud technology and service investments, funding strategies, options considered, and the incremental benefits being achieved. The report concludes with a set of essential guidance and actions to consider for making similar transitions. NYSE Euronext positioned itself as a peer Wall Street cloud destination when it announced in early June 2011 a partnership with EMC and VMware to launch a broadly scaled service platform for the financial markets, self-described as the "financial services industry's first cloud platform" and dubbed the "Capital Markets Community Platform."

IDC Financial Insights Capital Markets Research Manager Sean O'Dowd states that "specialized hybrid clouds, such as NYSE Technologies' Community Platform, offer a compelling destination that we anticipate will be a catalyst for increased adoption by Wall Street firms of cloud services beyond their private infrastructures."

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