Tradier – A Brokerage Cloud Running on AWS and NASDAQ FinQloud
Late last year I wrote about the new NASDAQ OMX FinQloud platform. FinQloud provides customers with cost-effective and efficient management, storage and processing of financial data.
Today I’d like to tell you about an even higher-level platform that has been built on top of FinQloud and AWS.
Tradier’s Brokerage in a Box
Tradier has built the first “brokerage cloud” platform for tool providers, online banks, and wealth management firms. These organizations will no longer have to lease data center space or procure their own technology infrastructure, giving them the ability to run their business within a secure, scalable, and cost-effective framework.
Tradier was able to take advantage of FinQloud to build this platform. For example, Tradier Brokerage (a subsidiary of Tradier) will use FinQloud’s Regulatory Records Retention (R3) to meet data storage requirements for books and records. Notably, R3 is the first cloud-based Write Once Read Many (WORM) compliant data storage system, as required by SEC Rule 17a-4 and CFTC Regulation 1.31. They’ll also use FinQloud’s search and retrieval application for that data.
Mobile app providers, developers of tools to implement trading and options strategies, along with algorithmic and robotic traders will all find the Tradier platform to be of interest. As is often the case with the announcements that I have made in this blog, this platform frees up resources that would otherwise be devoted to the development of lower-level facilities, and enabling innovation at the higher levels.
Tradier’s platform includes a number of foundation components including a Brokerage Cloud API, access to real-time market data, streaming and request/response APIs, support for browsers and mobile devices, and a marketplace / ecosystem for investment tools.
Modified 3/12/2021 – In an effort to ensure a great experience, expired links in this post have been updated or removed from the original post.