Cloud Computing has got to be the most over used term today. As an abstract term it serves a useful purpose for marketers who understand that many cloud computing will mean to the audience whatever the audience wants it to mean. For me cloud computing means platforms like Amazon Web Services (AWS) and Azure which at their core offer compute and storage services in a remote data center. If you don’t have EC2 and S3 like services I don’t consider your offering to be a cloud. Note I don’t particularly care that iCloud does not fit this definition as it is a consumer service. I will be discussing Cloud from the perspective of a developer and from the business who prefers not to own physical infrastructure.
Last week saw NYSE announce its Cloud. The release as with many “Enterprise” software press releases is short on details. It will probably mean that NYSE will host more back office applications in its data centers. It seems to be the rage today to call SaaS a Cloud in finance. See this about a back office application being hosted remotely and called a Cloud.
What would be cool would be infrastructure for frontend strategy development. That should look something like Amazon’s EC2 and S3 with NYSE providing readily available data sets such as SuperFeed historical and realtime data, low latency connections to the exchange data center, a large compute farm with every machine having a Tesla card and API’s for accessing other pieces of NYSE’s infrastructure.
I am going to continue to use AWS. At least one company is building a finance focused platform on AWS although the approach I am taking relies on capabilities that are unlikely to be built into a commercially available platform. AWS has GPU compute instances which give it a decisive advantage over competitors such as Azure for building financial/trading applications.