Aiming for SEC’s big data project, Sungard and Google bet on the cloud

To bid for a massive U.S. government contract, Sungard has teamed up with Google to build a prototype cloud system that could store six years’ worth of U.S. stock and financial trading data and let regulators and stock traders scrutinize this mountain of information.

The work is being done to compete for a U.S. Securities and Exchange Commission contract, called the Consolidate Auditing Trail (CAT). The SEC’s goal is to build a system that provides more transparency into financial markets, a response, in part, to the computer-driven 2010 “flash crash” that briefly cratered U.S. stock prices.

To read this article in full or to leave a comment, please click here

Computerworld Cloud Computing

This entry was posted in Cloud Computing and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.