Wednesday November 15 2023

News Source: Global Exchanges

Focus: Trading Systems and Technology

Type: General




On 14th November 2023, Nasdaq (Nasdaq: NDAQ) announced that it has successfully completed the migration of the core trading system of Nasdaq GEMX, one of Nasdaq’s six options exchanges, to Amazon Web Services (AWS). The new cloud-enabled market infrastructure, which uses AWS Outposts, delivers up to a 10% improvement in latency and the ability to adjust capacity more seamlessly in response to changing market conditions, ultimately delivering a better trading environment for market participants. GEMX processes 12 billion in daily messaging, 71% higher daily message volume than the MRX Options Exchange, which was migrated to AWS last year in December.  

Nasdaq GEMX is Nasdaq’s third market to accomplish the move to AWS following Nasdaq MRX in 2022 and the Nasdaq Bond Exchange (NBE) earlier in 2023. Moving markets to the cloud requires the migration of an intricate web of processes, systems and native protocols that are used by multiple layers of the overall capital markets ecosystem.  

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