FactSet migrates real-time ticker plant to Amazon Web Services
By Pavithra R
FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, has announced its plans to migrate its real-time ticker plant to Amazon Web Services (AWS).
FactSet’s ticker plant, which is currently implemented on-premise, ingests and delivers live market data from global exchanges and represents a large part of the company’s data footprint. FactSet touts this cloud migration to be the first of its kind global ticker plant.
“Moving a full ticker plant onto the cloud is the holy grail of market data engineers. Many people thought it would be impossible. FactSet has worked with AWS to conduct rigorous testing and validation that proves it is not just possible, but that AWS provides a stable and secure environment for processing major exchange feeds. We are confident that this groundbreaking project will help us drive greater speed and efficiency to accelerate our clients’ digital transformations,” said Gene Fernandez, Chief Product and Technology Officer, FactSet.
FactSet’s cloud-based ticker plant will rely on the new Amazon Elastic Compute Cloud (Amazon EC2) instances built on the AWS Nitro System. The migration process is expected to be completed in 2021. Through this migration, FactSet clients will benefit from faster cloud-based content delivery, reducing latency, increased local data processing and normalization, and leverage AWS’s large global footprint.
“FactSet is continuing to expand its use of AWS to deliver innovative financial services offerings that help customers scale, manage, and build complex analytics platforms in the cloud. By running their large-scale ticker plants on AWS, FactSet can leverage AWS’s global infrastructure and cloud services to provide fast access to financial data that investment professionals need to make time-sensitive decisions. We look forward to our continued collaboration with FactSet as they leverage AWS’s proven capabilities and security to drive efficiency across their business and support their customers by delivering innovative and new experiences that better enable them to respond to market volatility,” said Greg Pearson, Vice President, Worldwide Commercial Sales at Amazon Web Services, Inc.
Recently, Global Payments & AWS partnered to reinvent the future of payments.
Established since 1978, FactSet creates flexible, open data and software solutions for global investment professionals providing instant access to financial data and analytics they use to make crucial decisions.
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