Most people have heard of cloud computing although they may only have a vague idea of how it works. To put it simply, cloud consists of a virtual network where servers can be accessed remotely from a variety of locations. How can this benefit me or my organization you might ask?
Cloud technology is benefitting all organizations. In a recent article in the Wall Street Journal they discuss how this technology can help in the stock market. There are lots of reasons cloud computing would be beneficial in the market. These would include the same reasons other companies are using cloud computing. Issues of scalability are one of the reasons that the stock market will begin to implement some of these cloud solutions.
Other companies and both small managed and larger corporations have endorsed the use of the cloud, Many people feel the cloud is ideal for stock trading. It is a known fact that trading volumes have declined and part of the reason is lack of efficiency. Stock brokers are looking for efficiency within the market, thus they have endorsed cloud computing. Trading volume has decreased 40 percent over the past several years and needs to improve.
A number of Wall Street firms including stock brokers have endorsed third party applications including cloud computing and the efficiency that it promotes. Consolidation of data and the way that it can positively affect costs are the ways that cloud computing can help these organizations. Those who are in the field must consider cloud computing and it’s applications to make a positive effect in terms of managing aggregate data. Cloud can help with colocation and will help manage scale data applications.
They also find that they can use colocation to fit their data usage to their ongoing demand, and access high speed feeding of data and increase trade volume. These are the ways that cloud computing can be helpful to those in the stock market Stock market pros can alternatively host their data in the cloud. They can rent any services or licenses they need from the host company. This can allow them to pay and access high market funds.
For those of you involved in the Stock market consider the advantages of what cloud computing can do for you.