Nasdaq and AWS Expand Partnership to Modernize Capital Markets Infrastructure

Nasdaq and Amazon Web Services (AWS) have announced the expansion of their strategic partnership to deliver Nasdaq Calypso as a fully managed service on AWS. The move will allow financial institutions to modernize their front-to-back-office workflows, streamline risk management, and comply with evolving regulations without the need to maintain on-premises infrastructure. Nasdaq will manage the underlying technology, while AWS provides the secure, scalable cloud infrastructure.

Nasdaq Calypso is widely used by banks, central banks, and platforms to handle capital markets and treasury management. Delivered as a ensures quicker deployment, seamless upgrades, and consistent access to the most advanced versions. The arrangement offers a path for institutions to operate with greater resilience, benefit from enhanced security, and connect rapidly to new capabilities developed jointly by Nasdaq and AWS.

“Market participants face an urgent need to embrace innovation, regulatory change and industry-wide connectivity at scale but are increasingly constrained by complex and fragmented legacy architecture,” said Magnus Haglind, Head of Capital Markets Technology at Nasdaq. He added that cloud and managed services are becoming the preferred model for mission-critical platforms, positioning Nasdaq and AWS to lead industry-wide modernization.

Strategic Inflection Point for Financial Infrastructure

John Kain, Director of Financial Services Market Development at AWS, described the partnership as an answer to the industry’s “technological paradox.”

“Our Calypso’s answer with high-performing, scalable and secure infrastructure. This is another perfect example of how Nasdaq is leveraging AWS to deliver more agile, resilient financial infrastructure that’s more future-ready for the industry.”

The companies view this deployment as a significant milestone in their ongoing collaboration, which spans Nasdaq’s suite of capital markets and regulatory technology platforms. By consolidating mission-critical services into a single managed environment, Nasdaq and AWS are aiming to reduce friction for real-time data flows, simplify data architecture, and empower AI-driven analytics to improve efficiency and unlock new growth opportunities.

This inflection point coincides with global trends—ongoing market reforms, evolving regulatory requirements, and heightened geopolitical pressures—that are driving institutions to modernize and adopt cloud-native managed services. Nasdaq Calypso on AWS is designed to meet these challenges by offering scalable infrastructure and regular enhancements aligned with client needs.

Benefits for Global Financial Institutions

The deployment of Nasdaq Calypso on AWS will provide several key benefits for financial services firms. These include accelerated technology modernization with enhanced capabilities across digital assets and AI, standardized implementations with regular updates to align with new regulations, and improved operational efficiency through simplified testing and flexible integrations.

Institutions will also gain access to Nasdaq’s comprehensive data and intelligence services, enabling AI-powered analytics that capitalize on integrated data sets. This can improve portfolio oversight, enhance compliance workflows, and unlock new sources of revenue through smarter use of information across trading and treasury operations.

Nasdaq already powers technology for 97% of global systemically significant banks (G-SIBs), half of the world’s top 25 stock platforms, 35 central banks, and more than 3,800 financial clients. By offering Calypso as a cloud-native managed service, Nasdaq and AWS aim to provide a unified platform that supports modernization at scale, assisting institutions meet the toughest operational challenges while driving long-term industry innovation.

Investor Takeaway