NYSE Technologies has launched a cloud. And it looks nothing like this (Photo: karindalziel/Flickr)

“We created a hybrid,” says NYSE Technologies CEO Stanley Young. “It’s a cross between the public cloud and the private cloud.”

To the average English speaker, this sounds like gibberish. But in the computing world, it makes perfect sense.

No, really, it does.

NYSE Technologies is an arm of NYSE Euronext, the outfit that operates the New York Stock Exchange and various other exchanges across the world. Young’s operation provides IT services to members of these exchanges — investment banks and hed...