May 4, 2020
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Trading systems have historically been the province within large financial institutions that as “master of the universe” controlled trillions of dollars in equity. They did this by essentially locking up access to transaction engines and applications that enable most of the trading that takes place on Wall Street and other exchanges across the globe.
One of the more frustrating things about using business applications is they invariably impose some form of workflow that is baked into software. Vendors have long argued that these workflows are essentially amalgamations of best practices that the vendor has painstakingly aggregated while researching and developing the application.
Moving to expand the reach of its API footprint in the cloud, IBM today announced the availability of an open beta for BlueMix. BlueMix is a platform-as-a-service (PaaS) offering that is based on the Cloud Foundry framework that IBM decided to support last year. IBM also announced the acquisition of Cloudant, a provider of a NoSQL database-as-a-service (DBaaS) platform.