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NYSE Dives Into Managed Storage: Page 3 of 4

"We started with some internal data so that our management can have some insight into what the international markets are doing," he says. "Where appropriate, [1010 data] will be supporting data from Euronext and any other partners that we acquire as part of our global expansion strategy."

Although the data repository is managed remotely by 1010data, the Stock Exchange, unlike many of the vendor’s customers, keeps the hardware within its own data center.

"This means that any data can be stored in the data center in a safe way, but still accessed globally," alluding to the stringent compliance regulations at play in the financial sector. "The data center is behind the [Stock Exchange] firewall and the API that we use to access the data is secure – only certain data sets can be accessed via the API in accordance with our security model."

Although Schaedel would not reveal the value of the Stock Exchange’s deal with 1010data, he described the rationale behind choosing a semi-managed service.

"It’s not our core business to manage data – maintenance of historical data repositories like this requires some unique expertise," he says. "It has really simplified our business, it has allowed me personally to focus on staffing and resources."