Tradier, Inc., the cloud platform provider that is affiliated with Tradier Brokerage, Inc., has launched its cloud brokerage in a box solution on Nasdaq OMX FinQloud, which runs on Amazon Web Services.
Tradier's cloud-based brokerage platform provides a bundled trading platform for online banks and developers to create online and mobile trading experiences for their users. Tradier will use FinQloud's ecosystem of compute, network, storage and database solutions from AWS to build all aspects of its offering that include a set of API's, Web/Mobile Modules and secure services, according to a press release.
By working with FinQloud and AWS, Tradier could eliminate the need for smaller online banks and financial services providers to lease data center space and procure a substantial amount of technology infrastructure, claims Tradier. Tradier will reduce its product development lifecycle and time-to-market by leveraging FinQloud instead of deploying a traditional "procure-develop-deliver" model.
[For more on how Nasdaq FinQloud usage is being received by the financial services industry, read: Nasdaq OMX FinQloud R3 Meets SEC/CFTC Regulatory Requirements, Say Consultants].
"Enabling innovation is at the heart of Tradier's game changing strategy and we are delighted to work closely with like-minded companies such as NASDAQ OMX and AWS," said Dan Raju, Chief Executive Officer of Tradier, in a press release "We believe this relationship will help Tradier clients build and deliver powerful, customer-centric applications for their users."
"FinQloud is removing the barriers that financial services organizations have faced when launching new applications," said Adam Selipsky, Vice President of AWS. "Tradier has built their entire business on FinQloud powered by AWS, and is a great example of how innovators in the financial services industry are bringing exciting new apps to market faster, avoiding large CapEx investments and lowering costs while meeting their regulatory obligations." Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio