Cloud-powered tick data: revolutionizing financial data storage with Amazon S3 and LSEG
Storage Blog
The article discusses how AWS and LSEG are revolutionizing financial data storage using Amazon S3, addressing the challenges of managing massive volumes of market tick data.
- Financial data volumes are growing 20-40% annually, straining traditional infrastructure
- LSEG's Tick History Data solution uses Amazon S3 for petabyte-scale storage
- Key benefits include cost reduction, global data accessibility, and simplified infrastructure management
- Solution uses multiple AWS services including S3, Athena, Glue, and CloudFront
- Data is stored in optimized formats like Parquet and CSV for efficient querying
The cloud-based approach allows financial institutions to focus on data analysis instead of infrastructure management, with potential infrastructure cost savings up to 80%.
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