Options Clearing Corporation Moves Operations to the Cloud Over Security Concerns

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 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.