Deutsche Boerse to launch cloud computing exchange

Jul 02, 2013
The building of the Deutsche Boerse, the German stock exchange in Frankfurt, is pictured on February 15, 2011. Deutsche Boerse unveiled Tuesday plans to launch a new market place where companies, public sector bodies and research institutes can buy and sell excess cloud computing capacity.

Deutsche Boerse, operator of the Frankfurt stock exchange, unveiled Tuesday plans to launch a new market place where companies, public sector bodies and research institutes can buy and sell excess cloud computing capacity.

The Deutsche Boerse Cloud Exchange will be a between Deutsche Boerse 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 Boerse Cloud Exchange will fundamentally change how cloud are bought and sold," said Zimory chief executive Ruediger Baumann.

"The time when took months will be over for most businesses."

"With its great expertise in operating markets, Deutsche Boerse is making it possible for the first time to standardise and trade fully electronically IT capacity in the same way as securities, energy and ," said board member Michael Osterloh.

Explore further: Uber says outside review shows customer data safe, private

add to favorites email to friend print save as pdf

Related Stories

Oracle's fiscal 4Q sales disappoint Wall St. again

Jun 20, 2013

Oracle is still having trouble closing enough business software deals to keep Wall Street happy. The quarterly results announced Thursday could escalate investors' fears about Oracle's ability to adapt to the changing demands ...

Recommended for you

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.