Traditional institutions such as financial exchanges are drawn to cloud infrastructure because they want to “increase market access” and “streamline operations”, according to Adrian Poole, head of financial services at Google Cloud UK. He explains that they can achieve these goals due to the flexible and scalable nature of cloud technology, which enables organizations to scale capacity up or down, at any time.
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Cloud computing powers the world’s financial exchanges
“The vast amount of computing power that the cloud offers means that data analysis can happen at lightning speed,” he explains. “This means that, when it comes to firms wanting to do things like risk management, it can be done in real time — adjusting by the minute to factors such as legal liability and financial uncertainty. “Organisations can use these capabilities to their advantage — for example, using this data analysis to create automated tools that can help mitigate risk.”
