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Options Clearing Corporation Moves Operations to the Cloud Over Security Concerns
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Options Clearing Corporation Moves Operations to the Cloud Over Security Concerns

Options Clearing Corporation Moves Operations to the Cloud Over Security Concerns

Todd Anderson·
FintechNews RoundupUSA
·Mar. 15, 2018·1 min read

Options Clearing Corporation has set a three year plan to put their business on a cloud based system; the reason for the move is concerns over cybersecurity; the company clears more than 460mn trades a month and has recently added cryptocurrency futures; cloud based servers are cheaper and more secure than in house IT systems. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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