NASDAQ Is Using Amazon For Data Storage

In a story at Wall Street & Technology, Penny Crosman writes about how Nasdaq stock exchange looks to the clouds for data storage.

Nasdaq stores lots of terabytes of Nasdaq, NYSE and Amex data using Amazon Simple Storage Service. Nasdaq adds 30 gigabytes to 80 gigabytes of data every day to S3, about 300,000 flat files each representing 10 minutes’ worth of trading activity on a stock. The data retrieval time, is less than one second, and the system scales instantly.

They are using S3 for a new product called Market Replay that enables brokerage firms to show customers and regulators that best-execution requirements were met for a given trade. The application was developed using Adobe Flex.

Nasdaq plans to develop future applications in Amazon’s Elastic Compute Cloud, according to Claude Courbois, associate VP, product development, Nasdaq Data Products. They will create an application to let users search historical market data and perform calculations on it. Nasdaq in the cloud be will be the subject of a presentation at O’Reilly’s Money:Tech conference on Feb. 4-6 in New York.

Nasdaq’s next cloud project is taking Market Replay to Europe, using the same Amazon S3 cloud to store European stock data, The product will be up and running in the first quarter of 2009.

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