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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN


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Amazon pilot lifts stock exchanges into the cloud

11/20/2020 | 09:12am EST
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France

LONDON (Reuters) - A pilot by online giant Amazon and two stock exchanges showed how moving share trading from costly physical servers to cloud computing could save money and reduce the potential for outages, the companies said on Friday.

The Singapore Exchange SGX, London-based Aquis Exchange and Amazon Web Services said they undertook a proof of concept to show that trading shares in the cloud can be sufficiently fast and reliable.

"It's proven to be technically capable," said Adrian Ip, a director at Aquis Exchange's technology arm.

Exchanges using the cloud to date for trading are limited in size or niche, such as dealing in crypto assets, Ip said.

Amazon's move into "multicast" or an ability to send data to many parties at the same time in the cloud, a key requirement for any exchange of size, was a breakthrough, Ip said.

Despite exchanges spending millions of dollars on physical back-up servers, there have been outages this year in Japan, Australia, and at Euronext in Europe, drawing close scrutiny from regulators.

A cloud-based exchange could be more resilient than relying on physical infrastructure dotted across regions, Ip said.

Mayumi Hiramatsu, Vice President at Amazon Web Services, said the pilot showed a path to free up customers from maintaining legacy on-premises infrastructure.

Aquis and SGX are looking at how to take forward findings from their pilot with Amazon, which they say could bring savings of up to 90%.

"We will be looking at how this can be scaled globally. We will take a considered and measured approach and discuss with regulators and members," Ip said.

It comes at a time when regulators globally are also taking a harder look at how financial firms are increasingly relying on third party cloud providers like Amazon, Google and Microsoft for critical services.

The European Union aims to be the first to introduce new laws to regulate such use of the cloud.

(Reporting by Huw Jones; Editing by Kirsten Donovan)

By Huw Jones

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -4.54% 1825.99 Delayed Quote.8.86%
AMAZON.COM, INC. -1.69% 3281.5559 Delayed Quote.2.12%
AQUIS EXCHANGE PLC 3.96% 525 Delayed Quote.7.45%
HIRAMATSU INC. 5.07% 145 End-of-day quote.7.41%
MASAFAT FOR SPECIALISED TRANSPORT COMPANY 2.86% 0.36 End-of-day quote.12.50%
MICROSOFT CORPORATION 1.18% 236.8359 Delayed Quote.3.20%
SINGAPORE EXCHANGE LIMITED -0.40% 10.05 End-of-day quote.8.30%
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Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 146 M - -
Net cash 2020 44 446 M - -
P/E ratio 2020 95,6x
Yield 2020 -
Capitalization 1 669 B 1 669 B -
EV / Sales 2020 4,27x
EV / Sales 2021 3,55x
Nbr of Employees 798 000
Free-Float 82,0%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 51
Average target price 3 843,11 $
Last Close Price 3 326,13 $
Spread / Highest target 35,3%
Spread / Average Target 15,5%
Spread / Lowest Target 5,23%
EPS Revisions
Managers and Directors
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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