In simple terms, rather than market data being stockpiled within your desktop, a cloud market data solution permits a huge set of data and applications to be saved on an internet server and circulated to users using a web browser anytime and anywhere. The reason such a solution is growing in popularity is that it saves organizations from creating internal servers and downloading advance software tools. Providers of this solution have already designed a platform to function with every organization's IT needs. Rather than acquiring software for each PC, an organization only needs to install a single application. This application allows that organization's authorized users to access, employ or examine market data as well as applications through an internet provider. Instead of organizations' personal computers performing all the tasks in order to keep the applications functional, the online servers with cloud based solutions conduct the tasks for them. Rather than paying for special software or hardware, a PC only needs the interface software of a cloud-based solution in which can be as simple as a web-browser. A cloud based solution is believed to benefit organizations when it comes to trimming down data expenses, increasing efficiency in catching up with market changes, improving performance of personnel as well as permitting easy adaptation of the newest technologies. Services offering the solution enable organizations to work on operations and expansion rather than on updates and repairs on the hardware and software. A cloud based market data solution can present added flexibility to mobile users. Brokers, traders, corporate treasurers and other financial market participants can assess market data and make use of applications anywhere as long as there is web availability. This solution enables better cooperation among a variety of users especially as they can assess and work on the same information stockpiled within a certain provider's database. Although with benefits, the solution also provides a few minor disadvantages such as the adequacy of the might of an internet connection in order for the cloud to grant its whole capacity. Users can consider it difficult or even impossible to examine data when the internet's signal is frail or deficient. These are organizations and users who find it non-acceptable to save important information or data in a provider's server somewhere online and seek safety/security assurances. Currently numerous providers with a cloud market data solution promise safety by permitting customers to present the log-in details to their chosen users. While it presents a number of benefits, trust and safety is a very serious subject when it comes to this solution. It is important to learn more about a particular provider or about the cloud before deciding on the implementation.
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