CMC Markets Picks AWS to Accelerate Digital Transformation

CMC Markets, an Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term services provider, announced today that it has partnered with Amazon Web Service (AWS) to make the delivery of its new products and services more efficient and secure. The broker has selected AWS to significantly reduce its delivery time.

According to the official announcement, the new partnership will allow clients of CMC Markets to take advantage of faster access to the company’s innovative products. The London-based broker will primarily use AWS’s Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-native including various services like AWS Lambda, Amazon API Gateway, AWS Fargate and Amazon DynamoDB.

As far as data management requirements are concerned, CMC Markets will use AWS' data and storage services including Amazon Simple Storage Service (Amazon S3), Amazon Athena, Amazon Redshift and AWS Glue.

Commenting on the selection of AWS, Brendan Foxen, Chief Technology Officer at CMC Markets, said: “Over the last 10 years, our product offering, trades executed and volumes of data have grown considerably. Adopting AWS and using the highest levels of abstraction and native services allows us to develop our product offering with a far greater speed and richness of customer experience, underpinned by the scale and reliability of AWS services."

Delivery Time

CMC Markets aims to improve current delivery time through the use of AWS in order to accelerate digital transformation. Additionally, the company outlined the importance of infrastructure to provide quality services to the customers. CMC Markets mentioned that the company would like to continue its partnership with AWS instead of onboarding a new partner.

“We have already seen outcomes such as reducing the time taken to push changes into our production environment going from days or weeks to as little as 30 minutes. We expect this agility and speed to continue improving as we expand and accelerate our digital transformation in 2021. Going forward, if there is a suitable AWS service for our needs, we will choose that over onboarding a new service provider," Foxen added.