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Nasdaq's Accelerated Path to the Cloud

Transforming the Capital Markets of Tomorrow

For the past 50 years, Nasdaq has strived to reimagine markets to realize the potential of tomorrow. With disruption in our DNA, we view technology as the conduit to greater opportunities, everywhere.

Nasdaq Completes the Migration of GEMX, our 2nd U.S. Options Market to AWS Cloud

Nasdaq and AWS Partner to Transform Capital Markets

November 14th 2023

GEMX is the Second U.S. Options Exchange to move to AWS

On November 14, we successfully completed the migration of the core trading system of Nasdaq GEMX, one of Nasdaq's six options exchanges, to Amazon Web Services (AWS). GEMX processes 12 billion in daily messaging, 71% higher daily message volume than the MRX Options Exchange, which was migrated to AWS in December 2022.

READ PRESS RELEASE ->

Nasdaq's Journey to the Cloud

First Mover & Cloud Evangelist Since 2008

Cloud Journey

Pre-2020

Foundational Data & Systems

  • Gradually and systematically moved our systems to the cloud in a safe, reliable and controlled way
  • From T+1 to real-time
  • Critical RegSCI systems preparing to move trade engine
  • Enterprise services/functions: Encryption, Key management
  • Gradually and systematically moved our systems to the cloud in a safe, reliable and controlled way
  • From T+1 to real-time
  • Critical RegSCI systems preparing to move trade engine
  • Enterprise services/functions: Encryption, Key management
Cloud Journey

2020-2021

Testing Our Strategy

  • Drastic increases in volumes provided confidence and conviction to pursue our cloud journey at an accelerated pace
  • 60B messages through market systems; 200B+ records into Nasdaq Data Warehouse
  • Cloud enabled us to provision additional capacity at a critical time without impacting other workloads critical to our day-to-day operations
  • Drastic increases in volumes provided confidence and conviction to pursue our cloud journey at an accelerated pace
  • 60B messages through market systems; 200B+ records into Nasdaq Data Warehouse
  • Cloud enabled us to provision additional capacity at a critical time without impacting other workloads critical to our day-to-day operations
Cloud Journey

2022-2024

Building the Next Generation

  • First global exchange operator to take a major regulated market to cloud technology -  Nasdaq’s MRX Options Exchange and Nasdaq Bond Exchange (NBE) moved to AWS in 2022.

  • In 2023 GEMX becomes 2nd U.S. Options Exchange to move to AWS

  • Cloud technology enabled Nasdaq to process four times as much message traffic as five years ago.

  • Launched first SEC approved exchange order type powered by AI called Dynamic MEL-O. 

  • First global exchange operator to take a major regulated market to cloud technology -  Nasdaq’s MRX Options Exchange and Nasdaq Bond Exchange (NBE) moved to AWS in 2022.

  • In 2023 GEMX becomes 2nd U.S. Options Exchange to move to AWS

  • Cloud technology enabled Nasdaq to process four times as much message traffic as five years ago.

  • Launched first SEC approved exchange order type powered by AI called Dynamic MEL-O. 

Over the past decade, we have been systematically moving every element of the Nasdaq portfolio into the cloud. As we look to redefine the capital markets of the future and tackle transformation of our critical infrastructure for the decades ahead, we are committed to creating an interconnected future – one that is safer and stronger for everyone, in the cloud.

Our Strategy

Client-Centric Approach

Our approach to the cloud aims to democratize access, providing our clients across the globe with greater agility and the opportunity to get to market with initiatives quicker and with less complexity.

Our approach to the cloud aims to democratize access, providing our clients across the globe with greater agility and the opportunity to get to market with initiatives quicker and with less complexity.

Cloud-First Development

We believe in the benefits that cloud computing will bring to the capital markets and are committed to leading development efforts in the cloud, balanced by regulatory, data governance and client requirements.

We believe in the benefits that cloud computing will bring to the capital markets and are committed to leading development efforts in the cloud, balanced by regulatory, data governance and client requirements.

Markets Transformation

As a primary driver of capital markets technology evolution, we are focused on fueling collaboration and innovation in the cloud to power and transform the next 50 years of our industry.

As a primary driver of capital markets technology evolution, we are focused on fueling collaboration and innovation in the cloud to power and transform the next 50 years of our industry.

Reimagining Marketplace Technology in the Cloud

When it comes to capital markets, there is no doubt that we are a cloud evangelist at Nasdaq. Learn more about how we are building the next generation of cloud-enabled infrastructure for the world’s capital markets with Amazon Web Services (AWS).

Nasdaq GEMX Options Exchange to the Cloud
Nasdaq takes another step on our market modernization journey, as we announce that we have successfully completed the migration of the core trading system of our third exchange, the Nasdaq GEMX Options Exchange, to the cloud. The new cloud-enabled market infrastructure delivers improved latency and the ability to adjust capacity in response to changing market conditions delivering a better trading environment for market participants.
Nov 14, 2023

Cloud Use Cases

Nasdaq Extends Access to Essential Market Data via the Cloud

Nasdaq announced the launch of its Nasdaq Data Link API, modernizing the traditional data distribution by providing asset managers and investors access to real-time, streaming exchange data, index and fund data through cloud-based technology.

Nasdaq Data Link Provides Real-time Data With Efficiency and Scale to Unhedged

Fintech firm Unhedged leverages Nasdaq Data Link API, hosted by Amazon Web Services (AWS), to deliver institutional-quality data and productivity tools that fit the needs of both individual consumers and professional investor enterprises.

How Bitstamp Is Leveraging Nasdaq Trading Technology to Innovate Its Crypto Market

Bitstamp’s Chief Technology Officer David Osojnik shares how Nasdaq’s trading technology has contributed to Bitstamp’s strategic objectives and commitment to providing best-in-class services to over four million customers around the world.

Modernizing Market Infrastructure on the Digital Journey to 2025

CIOs at global market infrastructure providers are moving to cloud, according to a new report by Celent.

Learn More ->

Our Vision for Tomorrow's Markets

We are driving markets forward by embracing the cloud to unlock greater business insights, accelerate innovation and optimize operational excellence for the evolution of our participants, the greater capital markets and beyond.

Fuel Innovation

The cloud provides the foundation required to take capital markets further, fostering innovation and activating the API economy to produce smarter, more efficient offerings for Nasdaq, and all market participants.

The cloud provides the foundation required to take capital markets further, fostering innovation and activating the API economy to produce smarter, more efficient offerings for Nasdaq, and all market participants.

Enhance Resiliency

Moving markets to the cloud drives greater efficiency and resiliency, enabling our clients to respond dynamically to market conditions while allowing them to increase capacity more intelligently.

Moving markets to the cloud drives greater efficiency and resiliency, enabling our clients to respond dynamically to market conditions while allowing them to increase capacity more intelligently.

Next-Generation Markets

The cloud provides marketplaces and participants alike with the agility and scalability required to operate in next-generation markets.

The cloud provides marketplaces and participants alike with the agility and scalability required to operate in next-generation markets.

Gain Unfettered Access

The cloud can lower barriers of entry for market participation and democratize access to data.

The cloud can lower barriers of entry for market participation and democratize access to data.

Unlock Intelligence

Cloud computing enables AI-driven technologies and alternative data to reveal unique, undiscovered insights.

Cloud computing enables AI-driven technologies and alternative data to reveal unique, undiscovered insights.

Drive Digital Transformation

By implementing a platform strategy in the cloud, we can help fuel the digital transformation required to adapt and thrive.

By implementing a platform strategy in the cloud, we can help fuel the digital transformation required to adapt and thrive.

Cloud Evangelists for Tomorrow's Markets

Headshot photography of Tal Cohen, executive vice president and head of North American Markets at Nasdaq.

At Nasdaq, our mission is to be the trusted fabric of the world's financial system. We do that through the markets that we operate and the mission-critical infrastructure that we power around the world. And the cloud journey has been instrumental in us achieving that ambition over time.

Headshot photography of Roland Chai, EVP of Market Infrastructure Technology at Nasdaq and APAN Adviser.

The acceleration of cloud adoption across the global capital markets fabric will create opportunities to drive the further efficiency, rapid innovation and differentiation that are critical as we see continued further convergence of digital and capital markets.

Oliver Albers headshot

The utilization of cloud APIs for data delivery across our index, data and analytics businesses is the cornerstone of how we make markets more accessible for all participants.

Nikolai Larbalestier headshot

By embracing the cloud, we can more easily integrate disparate systems and create a foundation for separate entities to communicate.

Magnus Haglind

The development of the next generation ecosystem for markets requires a combination of deep understanding of markets and deep expertise of infrastructure and engineering.

Cloud News & Insights

Nasdaq Data Link Video Thumbnail

Nasdaq Data Link

A cloud-based, API-driven technology platform that empowers all segments of the investing public with a comprehensive suite of core financial, fund and alternative data

A cloud-based, API-driven technology platform that empowers all segments of the investing public with a comprehensive suite of core financial, fund and alternative data

Cloud-Optimized Matching Service Video Thumbnail

Nasdaq Announces New Cloud-Optimized Matching Service

Learn more about Nasdaq's cloud-optimized matching service for the next-generation of digital marketplaces

Learn more about Nasdaq's cloud-optimized matching service for the next-generation of digital marketplaces

 AWS: Interview with Rob Hunt, VP Software Engineering, Global Surrounding Systems Video Thumbnail

AWS: Interview with Rob Hunt, VP Software Engineering, Global Surrounding Systems

Rob Hunt, VP Software Engineering, Global Surrounding Systems, speaks with AWS about moving to the cloud

Rob Hunt, VP Software Engineering, Global Surrounding Systems, speaks with AWS about moving to the cloud

Contact Us

Please reach out directly to your Nasdaq contact or let us know how we can help.

Explore Our SaaS & Cloud Solutions

Fight Financial Crime

Verafin

Advancing our mission to safeguard the financial system and its participants

Gain Actionable Insights

Nasdaq Data Link

Powerful, centralized, cloud-based technology platform providing access to more than 250 trusted data sets, available via API

Launch a Marketplace in the Cloud

Marketplace Services Platform

Facilitate the frictionless exchange of assets, services & information across markets

Real-Time Data

Nasdaq Intelligence Platform

Streamline operations with a complete platform that democratizes data access across your organization for immediate business advantage.

FOR RISK MANAGEMENT

Nasdaq Risk Platform

Minimizes risk and optimizes balance sheet liquidity across global markets & trading environments

Maintain Market Integrity

Nasdaq (SMARTS) Trade Surveillance

Effective cross-market, cross-asset, multi-venue surveillance technology to simplify the monitoring process

GAIN INVESTOR INSIGHT

IR Insight

Maximize the value of your IR program with our multi-faceted platform built specifically for Investor Relations Teams

OPTIMIZE GOVERNANCE PRACTICES

Nasdaq Boardvantage®

The next generation of board portal and leadership team collaboration software

Forward-Looking Statements. This communication contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to the formation of a partnership between Nasdaq and AWS and the benefits of the partnership, and statements about Nasdaq and its plans, objectives, expectations, intentions, products and offerings. When used in this communication, words such as "intends", "plans", "will", “believes”, "expected”, “projected” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the control of Nasdaq. These factors include, but are not limited to, factors detailed in Nasdaq’s annual report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. The forward-looking statements included in this communication are made only as of the date hereof. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law.