Nasdaq (NDAQ) and Amazon Web Services (AMZN) join up to offer Wall Street firms a service that...

|By:, SA News Editor

Nasdaq (NDAQ) and Amazon Web Services (AMZN) join up to offer Wall Street firms a service that will enable them to store key regulatory data on the latter's cloud infrastructure. The partnership, which should allow clients to sharply cut costs, marks Amazon's boldest foray into the financial sector, although security concerns could stymie growth.