Amazon Web Services Scores a Massive Deal to Oversee U.S. Securities Trading

Amazon.com (NASDAQ: AMZN) announced on Wednesday that its cloud computing operation, Amazon Web Services (AWS), was joining forces with the Financial Industry Regulatory Authority (FINRA) as the cloud provider for the agency's Consolidated Audit Trail (CAT).

Amazon said in a press release that the deal would enable U.S. securities regulators to "improve securities market surveillance by creating an extensive audit trail of order information for all U.S. equity securities and listed options across U.S. markets and trading venues." Terms of the deal, including its dollar value and time span, were not disclosed.

CAT will have the capacity to ingest more than 100 billion market transactions per day, compiling data from 22 stock exchanges and 1,500 broker-dealer firms. This will allow the U.S. Securities and Exchange Commission (SEC) and self-regulatory organizations (SROs) to scan and analyze the CAT data.

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Source Fool.com