Cloud computing will become the mainstream technology in financial services

In just a few years, cloud computing has shifted from the arcane technology-management model to the dominant force that can change the business model, lead the enterprise assessment, and support business growth. In the financial markets in particular, service providers have not yet clearly defined the impact of cloud computing on financial operations. Of course, consumers in general do not understand how much cloud computing will affect the financial business.





early service provider definitions and descriptions of cloud computing often rely on metaphors and analogies, without specific terminology and value definitions to explain.




The rise of
financial cloud





's 2008-year recession has been a catalyst for cloud computing to be widely used in the financial services industry. At the time, the financial services industry also spread the cloud and its applicability to the industry. Although the recession does add to some new cloud-computing users (most users want to deploy through cloud computing to achieve greater benefits in a depressed market). However, hedge funds and private equity firms have long deployed cloud computing and developed long-term deployment trends, and in these alternative investments, early-stage deployments of cloud computing often have more independent business models that provide them with greater flexibility to adopt new technologies and improve productivity.





's success stories for early cloud users, including high-frequency trading companies in the early 2007, often using private cloud services to deploy the same strategy on dedicated hardware, prompted other financial services companies to focus on cloud computing. In early 2010, cloud computing was a turnaround in the financial services industry. The deployment of cloud computing in the financial services industry continued to increase in 2011, and financial markets have been ready to meet the "mainstream trend of cloud computing" era.





especially last year, the financial services industry has shown clear signs of the applicability of the cloud computing industry. While some companies only announced the use of public clouds to provide e-mail and calendar services (a case of Spanish bank BBVA and Google in January), the prevailing pattern in the financial sector is still the private cloud model.





private cloud differs from public cloud, private cloud enables enterprises to increase efficiency by leveraging secure central network and storage capabilities while allowing them to run business-critical applications using proprietary hardware deployments. The private cloud computing model provides efficient security for users without impacting performance and security.





looking back at cloud computing





In the 2012, we are about to see how financial services users can leverage private clouds to improve efficiency, improve applications and business services. In particular, we will see that service providers provide clear cloud strategies, such as prime brokers, fund managers and exchanges, which we have seen in 2011.





April 2011, Conifer Nomura, the fund management and principal brokerage service provider, announced that it was partnering with Cloud-based software development provider Investcloud to launch a solution called icon. To facilitate on-demand access to conifer fund management and prime brokerage services. This is done by using a private cloud.





in June 2011, the New York Stock Exchange announced the launch of its capital CMC Community platform platform, the company's first foray into computer services. This platform can provide higher access efficiency for services by computing resources on demand.





2012, this partnership will continue to grow. Application developers and service providers will increasingly bring private clouds to market more quickly and efficiently. The private cloud will also speed up the application of these new technologies and services to meet user expectations.





as this partnership grows, private cloud services will become the dominant force in the financial services industry. The private cloud's third-party or independent vendors are better positioned to bring more benefits to their partners and customers.





defines the future of the private cloud





So, what is a private cloud service platform? What tools does it need to provide to the financial services industry? The private cloud service platform provides on-demand access to network, computing, storage, and application management resources. The supplier will provide low latency market data and market access, as well as a convenient, fast and secure way for technology and service providers to provide solutions to their customers.





the end users of financial markets-investment banks, brokers, market makers and asset managers-more and more users are starting to push more complex applications into private clouds. For example, order management systems, portfolio accounting systems, and enterprise risk management systems, which were previously considered too complex to be deployed outside the enterprise, are now entering the era of private cloud.





cloud computing applications in financial markets, the main driving force is the underlying infrastructure and management of the human and material costs of the reduction. End users move complex applications to private clouds, and another driver is that they will be able to standardize application management resources and have expert system management capabilities at the service provider level. At the same time, end users moving their technology to a private cloud will accelerate the pace of the vendor community into the cloud, which will also accelerate the industry-wide migration to the private cloud.





Financial cloud is mature enough





These developments, many of which are already underway, show that the financial industry is mature enough to have a cloud, and that the industry has long been concerned about security issues that suppliers can address by tailoring their services to financial market participants. Cloud computing's deployment in the financial sector will increase rapidly, and these technologies have reached a tipping point. The long-term positive image of cloud computing-cost-effectiveness, flexibility-will attract more and more market participants, as well as an increasing number of suppliers entering the market.





2012, with the increase in financial cloud service providers, it is expected that with healthy competition among suppliers there will be a dynamic and rich application and service environment to ensure that end users can choose the technology and services they need to manage their business. A cloud service provider that binds a set of applications to its products may not be appropriate for end users pursuing sustainable development. The final development trend is also about to move towards the path of flexibility that is responsive to end-user development.





with the competition between private cloud service providers, there will be some mergers in the market, and a few major suppliers will eventually occupy most of the market. These vendors will need to provide flexible, diverse solutions to market progressively, and, of course, more and more end users want to be able to get a broader range of services and markets from private cloud services.

(Responsible editor: The good of the Legacy)