Nasdaq: A GitLab Customer Story

In the feature video Stephen Cooper, Nasdaq’s Sr. Director of Software Engineering, explains how GitLab is helping Nasdaq achieve its cloud transformation vision.

He describes how it enables them to operate at DevOps speed and deploy new innovations to the Cloud quickly and reliably.

As part of its mission to build the next generation of cloud-activated infrastructure for the world’s capital markets, Nasdaq is migrating its first US options market, Nasdaq MRX, to the cloud using edge compute capabilities available in jointly engineered AWS Outposts that are tailored to its ultra–low latency needs.

This session explores how Nasdaq integrated AWS Outposts into its architecture and is creating a blueprint for its exchange technology customers in 50+ countries to accelerate their own cloud migrations.

In addition to moving additional North American markets to a cloud-enabled environment, Nasdaq will leverage learnings from the successful migration towards creating cloud-migration blueprints for its marketplace technology clients.

This includes leveraging a hybrid infrastructure for both cloud and edge compute options and providing market operators and participants with added agility to rapidly adjust their operational systems and strategies, as well as innovation capabilities, to keep pace with evolving industry dynamics.

“Nasdaq is at the forefront of adopting technologies that will shape the future of the global financial ecosystem. We continue to advance modernization of markets by driving innovation in the underlying infrastructure that power markets to deliver enhanced performance, efficiency, transparency and integrity of the markets we operate,” said Tal Cohen, Executive Vice President, Head of North American Markets, Nasdaq. “Together with our clients, partners and regulators, we will share our knowledge and expertise to support market infrastructure operators around the world and unlock the transformative power of cloud-enabled technology solutions.”

“Our markets are responsible for seamlessly transacting hundreds of billions of dollars a day serving millions of investors globally,” said Brenda Hoffman, Senior Vice President and Head of Technology, U.S. Markets Systems and Investment Intelligence, Nasdaq.

“Therefore, our top priority has been managing our cloud journey while improving our industry-leading latency and resiliency standards that the industry has come to expect from Nasdaq. With the successful migration of MRX, we look to further expand client access to cloud-enabled capabilities including co-location services, market analytics and machine learning, enabling our clients to adopt new services and technologies with agility and flexibility.”

“Nasdaq and AWS are changing what’s possible for capital markets with the migration of MRX to AWS, enabling Nasdaq clients to easily and seamlessly transact billions of dollars in trades every day,” said Scott Mullins, managing director, Worldwide Financial Services at AWS.

“Nasdaq will use AWS’s proven security and resilience to create new services while delivering improved, low latency performance. We look forward to continuing to support Nasdaq, as we work together to lead the industry into its second decade of cloud adoption.”