Cloud Adoption Update for Financial Market Infrastructure Providers 2H25

This article reports on cloud adoption trends among Financial Market Infrastructure Providers (FMIs) in H2 2025, highlighting significant migrations and GenAI implementations across trading, post-trade, and data analytics operations.

• LSEG's PriceStream FX trading on AWS Outposts achieves 2x faster matching engine performance
• Nasdaq engineered multi-layer resiliency for mission-critical matching engines on AWS Outposts
• JPX conducting proof-of-concept for cash equity trading system on AWS bmsfe-2 Outposts
• LCH migrated core clearing/settlement workloads to AWS with multi-region strategy for resilience
• Boerse Stuttgart moved three Oracle databases to Amazon RDS, saving two days monthly maintenance
• SIX Group migrated historical tick data platform to AWS, processing 10TB monthly data ingestion
• LSEG's Matrix Signals Platform processes 90M data streams, reduced storage/compute costs by 97%/82%
• JPX used Amazon Bedrock to enhance searchability of 140,000+ annual disclosure documents
• SCRIPTS Asia achieved 10x faster, 35x cheaper translations using GenAI
• Coinbase GenAI assistant handles 65% of customer queries, saving 5M employee hours annually
• Coinbase GenAI writes 40% of code, reducing QA testing costs by 86%
• FINRA's GenAI IDE improves code quality by 30% with 80% positive engineer sentiment

FMIs are accelerating cloud migration of critical trading and post-trade systems while increasingly deploying GenAI to enhance operational efficiency, reduce costs, and improve service delivery across compliance, surveillance, and development workflows.