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: News Corp. to buy Move Inc. for about $950 million

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

What's PayPal's first solo move?

11 hours ago

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

16 hours ago

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

Microsoft to tap $2-trillion Indian cloud market

20 hours ago

Microsoft announced plans Tuesday to offer its commercial cloud services from Indian data centres as it seeks to tap what it calls a $2-trillion market in the country where Internet use is growing rapidly.

User comments : 0