Financial Market Infrastructure Providers Cloud Adoption Trends for The First Half of 2024

This article highlights cloud adoption trends for Financial Market Infrastructure (FMI) providers in the first half of 2024, focusing on AWS cloud migration and innovation across multiple domains:

• Trading Systems: Multiple exchanges like Osaka Digital Exchange, OneTrading, and CarbonPlace launched cloud-native platforms on AWS
• Post-Trade Systems: Johannesburg Stock Exchange and London Stock Exchange Group modernized post-trade workflows using AWS
• Data and Analytics: Exchanges like JPX, LSEG, Euronext, and NYSE launched cloud-based data solutions
• AI & Generative AI: Significant adoption by Nasdaq, NYSE, and Verafin for tasks like market surveillance, ESG insights, and financial crime detection

AWS made notable technological improvements, including cutting data transfer fees, expanding microsecond-accurate time sync support, and launching new Direct Connect points of presence.