Esma to ink deal for big data capabilities

The regulator is ditching its legacy architecture to cope with massive volumes of reported data and new supervisory responsibilities.

big-data-screen

The European Securities and Markets Authority (Esma) is in the final stages of formalizing a deal with a managed service provider that will give the regulator the big data capabilities to operate on the Microsoft Azure cloud platform. The European Commission will officially sign the new contract at the end of June, Paul Hussein, team lead of supervision and analysis systems at Esma, tells WatersTechnology.

The regulator’s legacy systems have started to crack with the strain of ingesting a slew

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