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Goldman Sachs unveils Amazon-backed cloud service for Wall Street trading firms
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cnbc.comIn this article
Goldman Sachs is getting into the cloud computing business.
The bank is opening up access to its trove of market data and software tools to hedge funds and asset managers in an offering designed with Amazon's cloud division, CNBC has learned exclusively.
The move, the result of a two-year collaboration with AWS, puts 152-year-old Goldman in the unusual position of being a provider of cloud services for Wall Street, according to executives at the two firms. It's part of Goldman CEO David Solomon's push to use technology to better serve clients of the firm's markets division, a trading juggernaut that has helped drive the firm's results this year.
«Clients of the firm will get access to our decades of experience and data
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