The bank is opening up access to its trove of market data and software tools to hedge funds and asset managers in an offering designed with Amazon’s cloud division. The move, the result of a two-year collaboration with AWS, puts Goldman in the unusual position of being a provider of cloud services for Wall Street.
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Goldman Sachs unveils Amazon-backed cloud service for Wall Street trading firms
“Clients of the firm will get access to our decades of experience and data aggregation that should enable them to enhance their business decisions, both from a speed and efficiency perspective,” Solomon told CNBC last week in a phone interview. “We think that adds to our position as a leader in the marketplace.”
