Cboe Launches Global Cloud with AWS
Posted by Colin Lambert. Last updated: October 28, 2021
Cboe Global Markets has announced it is using Amazon Web Services (AWS) to power Cboe Global Cloud – a new real-time, cloud-based market data streaming service that aims to optimise the efficiency and delivery of Cboe’s data services for market participants globally, beginning November 1, 2021.
Cboe says the Global Cloud is designed to mitigate industry pain points common with traditional methods of market data access, which typically require physical connectivity to multiple separate and distinct platforms. The new service aims to reduce those inefficiencies by enabling customers to directly access real-time Cboe data through AWS Cloud from multiple locations around the world with as little as an internet connection.
In addition, the service will bring Cboe’s array of data products together onto a unified platform, providing customers a simple and efficient way to receive a variety of real-time data via a single access point.
“We believe Cboe Global Cloud will provide an efficient, agile way for market participants globally to directly access the real-time data that they need to power their applications and better inform their risk management and trading decisions,” says Catherine Clay, EVP and global head of data and access solutions at Cboe Global Markets. “We look forward to delivering significant value to our customers through this new service.”
With the launch of the new service, Cboe says it will further execute on its strategy to grow its global data and analytics business through diversifying its products, services and technology offerings on a global scale. Significantly, Cboe Global Cloud is expected to help further extend Cboe’s data to new users and geographies – an important step towards broadening investor access globally to Cboe’s proprietary content, market data and access solutions, the firm says.
Cboe Global Cloud will initially provide access to the group’s US equities and futures exchanges’ data, as well as its Streaming Market Indices data. The data will be made available through AWS in three key regions to start; the US, UK and Hong Kong. Following the November launch, Cboe says it plans to introduce additional content, market data, and analytics across asset classes – including equities, options, futures, FX and indices – based on customer demand.