Silicon Valley returns to Wall Street (Financial Times)

By | June 8, 2011

NYSE announced recently that they’re launching a cloud computing platform aimed at financial services firms.  I must admit I think they’re on to something.  About a year ago I suggested in a TabbFORUM video that if someone was to create a cloud environment aimed at financial services (ideally with the backing of the relevant regulators) it could be very successful.  It seems the NYSE is going in that direction.  And as I mention in this article, Silicon Valley seems to have gotten over the credit crisis and now wants to ramp up selling to Wall Street again:

“In the last six months we’ve seen very very strong renewed interest in financial services from big tech firms,” says Kevin McPartland, an analyst at Tabb Group in the US. “It’s like the Silicon Valley-Wall Street partnership.”

Read the full story at FT.com

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