Citadel Securities announces transition of data and algorithm testing to Google Cloud.

Quick Summary:

Over the past few years, operators of some of the world’s largest exchanges have put more applications on to servers run by Big Tech companies, to more easily and quickly package and process data.

Last year, UK financial regulators and the Bank of England warned of major risks if cloud companies were hacked or failed.

Rohit Bhat, managing director of capital markets, exchanges and digital assets at Google Cloud, said that high-frequency trading firms were a segment “that we are working very closely with”.

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Article Details

Author / Journalist: Nikou Asgari

Category: MarketsFinanceInvesting

Markets: United States

Topics: Securities Cloud Firms Need Data Tech Markets Google Financial Citadel Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-09 @ 04:00:22 (3 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20646581

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 12 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publisher ID: #3

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