Cloud Exchange to trade computing capacity
The Local · 2 Jul 2013, 16:20
Published: 02 Jul 2013 16:20 GMT+02:00
The Deutsche Börse Cloud Exchange will be a joint venture between Deutsche
Börse and Berlin-based cloud management specialist Zimory and will be operational from the start of next year, the two partners said in separate statements.
It will "enable IT resources to be traded like securities and energy, electronically, and within seconds. The new company aims to launch initially a cloud computing spot market in the first quarter 2014," Zimory said.
"Deutsche Börse Cloud Exchange will fundamentally change how cloud computing resources are bought and sold," said Zimory chief executive Rüdiger Baumann.
"The time when contract negotiations took months will be over for most businesses."
"With its great expertise in operating markets, Deutsche Börse is making it possible for the first time to standardise and trade fully electronically IT capacity in the same way as securities, energy and commodities," said board member Michael Osterloh.