Heads in the Clouds
Opinion
Like their meteorological namesakes, which suck up volumes of water vapor, store it, then deposit it in huge deluges, compute clouds are now being used to capture, store and deliver data on-demand that would otherwise overwhelm existing resources.
"Broker-dealers have to store a lot of data as required by the regulatory agencies, including e-mails, and transactional and market data," says Raman Kannan, CTO of Rosenblatt Securities, in a recent interview with sibling publication Dealing with
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