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Goldman Sachs unveils Amazon-backed cloud service for Wall Street trading firms

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David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.

Kyle Grillot | Bloomberg | Getty Images

Goldman Sachs is getting into the cloud computing business.

The bank is opening up access to its trove of market data and software tools to hedge funds and asset managers in an offering designed with Amazon‘s cloud division, CNBC has learned exclusively.

The move, the result of a two-year collaboration with AWS, puts 152-year-old Goldman in the unusual position of being a provider of cloud services for Wall Street, according to executives at the two firms. It’s part of…



Source cnbc.com

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