Many SMBs have struggled to adopt big data and private cloud solutions due to lack of in-house skills and expertise to design and maintain commodity hardware-based systems, IBM said in its announcement.
New York Portfolio Clearing which is a startup clearing house co-owned by NYSE Euronext, has gained approval from the U.S. Commodity Futures Trading Commission to clear interest rate futures in the United States.
The fiscal cliff has been one of the main focuses of financial and many commodity markets since U.S. elections when President Obama won another term and Republicans kept a majority in the House of Representatives, prompting worries about another stalemate over U.S. fiscal policy.