Deutsche Börse Group, the operator of the Frankfurt Stock Exchange, has presented plans for a new electronic market place. It will specialize in the trading of cloud computing capacity to the benefit of companies.
Deutsche Börse confirmed Tuesday it would launch the world’s first independent trading platform for Infrastructure as a Service (IaaS) model, a service model of cloud computing capacity.
The Deutsche Börse Cloud Exchange (DBCE), as the platform is called, will be a joint venture between the operator of the Frankfurt Stock Exchange itself and cloud computing specialist Zimory and will be operational from the start of 2014.
It is to enable IT resources to be traded electronically within seconds just like stocks or energy.
Breaking new ground
“DBCE will fundamentally change how cloud computing resources are bought and sold,” Zimory CEO Rüdiger Baumann said in a statement. “The time when contract negotiations took months will be over for most businesses.”
Deutsche Börse board member Michael Osterloh added that his company’s expertise in operating markets would make it possible for the first time to standardize the trade of IT capacity in the same way as securities and commodities.
Traders of excess cloud computing capacity will have to undergo a thorough security approval procedure which aims to enhance buyers’ trust in the product they acquire.