NYSE Euronext has 'high hopes' for its new Capital Markets Community Platform, billed as the financial service industry's first cloud platform and the 'future of electronic trading'.  The service was developed by NYSE Technologies, the Exchange's commercial technology division.  While CEO Stanley Young is aggressively optimistic - he notes the service has 1,200 clients, though only 2 are official users:  Pico Quantitative Trading and Millennium Management.  The platform is still in beta testing, but is expected to go live on 7/1/11.

Cloud Computing.  This technology is done on-demand over a computer network rather on a particular computer.  With a cloud-based platform, customers can purchase the computing power they need without having to worry as much about their own IT infrastructure.  The platforms promise to offer information access to all of their users, regardless of size.  CEO Young says the recently unveiled cloud platform will evolve over time and enable new business models for traders.  NYSE Technologies' Superfeed, Risk Management Gateway, Managed Services Hub and Liquidity Center Network services are all being offered on the platform.

For further details, continue reading at:   [Traders Magazine, 6/2/11, "NYSE Technologies Has Cloud Dreams.."]