Benzinga | Nov 30, 2021 05:01PM EST

Nasdaq, AWS Collaborate: What You Need To Know

* Nasdaq Inc (NASDAQ:NDAQ) and Amazon.com Inc's (NASDAQ:AMZN) Amazon Web Services Inc forged a multi-year collaboration to build the next generation of cloud-enabled infrastructure for the world's capital markets.

* Nasdaq aims to migrate its North American markets to AWS starting 2022 in a phased approach, beginning with Nasdaq MRX, a U.S. options market.

* Nasdaq will use a new edge computing solution co-designed by Nasdaq and AWS and developed explicitly for market infrastructure.

* This solution could serve other market infrastructure operators and market participants to move their trading systems to the cloud.

* In addition, the partnership will include opportunities to explore new ways to leverage AWS's cloud capabilities across Nasdaq's anti-financial crime, data and analytics, and market infrastructure software solutions.

* Price Action: NDAQ shares traded lower by 0.99% at $207.01 on the last check Tuesday.