LONDON : Euronext will not mimic rivals by shifting critical services to outside cloud computers given regulatory concerns, the pan-European exchange's chief executive Stephane Boujnah said.London Stock Exchange Group, CME and Nasdaq have all announced partnerships with cloud computing giants like Alphabe
LONDON : Euronext will not mimic rivals by shifting critical services to outside cloud computers given regulatory concerns, the pan-European exchange's chief executive Stephane Boujnah said.
"One of the reasons why we are cautious about the use of data centres of Microsoft, Google and Amazon for critical parts of what we do is because our core supervisors and regulators are themselves very cautious," Boujnah told Reuters on Thursday.
"We analyse very carefully the dependency on certain providers," Boujnah said as Euronext reported full year earnings. Euronext reported record full-year 2022 revenue and income of 1.418 billion euros , up 9.3 per cent on 2021 due to consolidating its acquisition of Borsa Italiana.
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