Snowflake Summit 2025 Keynote | NYSE President Lynn Martin chat with Snowflake CEO Sridhar Ramaswamy

The scale, this energy, it's unimaginable. Oh, absolutely. Wow. Thank you for being here with us today. We've been partnering together for over six years now, and I'm thrilled that you are here to share what we have done with all of our guests here.

Yeah. Sometimes I take two steps back and think where we were 10 years ago, six years ago, and then even three and a half years ago when I took my seat. And I'm a data person. I have data running through my veins. And so I always look at numbers. So some benchmarks that I look at, and Shredar, you mentioned this in your intro, are the amount of incoming order messages to our platform, the amount of traffic going through our platform every day. A peak day for us in 2022, now this is on the back of COVID, was about 350 billion incoming order messages a day. In April of this year, we hit new records of 1.2 trillion incoming order messages a day. So from our perspective, we have two incredibly important jobs. One is around market integrity focused on transparency and the other is around efficient risk management. So ensuring that those messages get processed incredibly efficiently so that people know the risk in their portfolio. We can't do that without having incredible technology, AI, good technology that enables us to match those trades really quickly, but then importantly surveil our markets afterwards to ensure that we catch any nefarious behavior in our markets.

Yeah. So it's not just about having really good hardware. You know we've gone through a big hardware and platform refresh which we completed in 2023 which had we not done that we wouldn't have been able to process those messages. But now as I think going forward, it's not just the New York Stock Exchange and the core matching engines, but our other businesses, our fixed income and data services business, our mortgage tech business. And for us, it's all about the sanctity of data. Because what really powers AI is that good source of truth. If you don't have a source of truth, you're going to have unfortunate outcomes. Now, we've been working with you all for more than six years, initially just from a data storage and then a data sharing and now more recently with Cortex and the analysts and search and LLM and all of those additional tools because the amount of volume of our data keeps growing exponentially and we are very focused on protecting the sanctity of that data, the privacy of that data. So for us, it's about how do we leverage our infrastructure and put really good AI enabled tools on top of that infrastructure to allow us to parse through this voluminous data set across all of our businesses.