Market Data Meteorologists: Forecasting the Many Faces of Cloud

Grazed from WatersTechnology.  Author: Max Bowie.

Over 200 years ago, British chemist and amateur meteorologist Luke Howard laid the foundations for the classification of clouds used today, which, in their various forms, can resemble anything from gauzy material shrouding the sky, to flying saucers, wispy vapor trails to bulbous upside-down mushrooms. With such different perceptions of the same phenomenon, should we be surprised that cloud computing is also viewed so differently by different parts of the industry?

At last week’s North American Financial Information Summit, we heard vastly differing opinions on the potential opportunities and drawbacks of cloud computing. And interestingly, whereas regulators are often criticized for being behind the curve, when it comes to cloud, regulators are already taking advantage of cloud in ways that trading firms are still debating about…


For example, US regulator FINRA was already using Big Data technologies, but realized—with 30 billion transactions and six billion shares traded daily to monitor—it had “exhausted” the scale and capacity of these platforms, FINRA chief information officer Steve Randich told attendees…

Read more from the source @ http://www.waterstechnology.com/inside-market-data/opinion/2346620/opening-cross-market-data-meteorologists-forecasting-the-many-faces-of-cloud