CMC Markets selects AWS to improve speed of product delivery - FinanceFeeds

CMC Markets selects AWS to improve speed of product delivery

Andrew Saks

Instead of focusing on the undifferentiated heavy lifting of managing servers, by using AWS CMC Markets has freed up valuable development hours

CMC Markets has today announced that it has selected Amazon Web Services (AWS) to help deliver the next phase of its digital transformation through accelerated delivery of new products and services.

The adoption of AWS will provide the agility, security, and resiliency for CMC Markets to deliver on its ambitious product development pipeline.

Instead of focusing on the undifferentiated heavy lifting of managing servers, by using AWS CMC Markets has freed up valuable development hours, taking our delivery time from 6 months to 6 weeks in turn allowing clients to benefit from the faster access to our new product innovations.

Brendan Foxen, Chief Technology Officer at CMC Markets commented: “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.”

For new product builds, CMC Markets will primarily be using AWS’s cloud native, serverless services including AWS Lambda, Amazon API Gateway, AWS Fargate and Amazon DynamoDB. New data management requirements will be addressed through the use of AWS’s data and storage services which includes Amazon Simple Storage Service (Amazon S3), Amazon Athena, Amazon Redshift and AWS Glue.

Brendan Foxen continued: “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 on boarding a new service provider.”

With a raft of new products set to be launched by CMC Markets in the New Year, the enhanced infrastructure will play a critical role in ensuring new and existing customers alike can continue to receive the highest quality service.

Read this next

Industry News

Admiral Markets doubled net trading income in 2020

The Forex-and CFD-focused company, which was founded 20 years ago, now aims to onboard 10 million clients by 2030.

Industry News

SEC wages war against ‘meme stocks’, suspends 22 securities

These 22 securities were being promoted on social media with the only purpose of inflating the price. The typical pump and dump scheme now being perpetrated on social media on a mass scale.

Opinion

Missing the Point over GameStop

Yesterday we saw further volatile trading in GameStop shares. Whether this is the start of another rally or just day traders ‘shaking the tree’, time will tell. But what is clear is that this new trading type won’t just go away. 

Industry News

Bitpay to pay up: $507,375 for 2,102 violations of sanctions programs

OFAC determined that BitPay failed to exercise due caution and did not voluntarily disclose the 2,102 sanctions violations. BitPay agreed to pay $507,375 to settle with the Treasury Department.

Industry News

Whistleblower Awards: SEC Crosses $750 million in awards since 2012

While “crime never pays” is far from being absolute truth, “no one likes a tattletale” has completely lost its meaning in the United States.

Industry News

Aghaz launches values-based trading in the US, starting with Islamic Finance

Aghaz is targeting U.S.-based Muslim consumers, but will soon offer custom-values products for anyone wishing to invest based on their personal values like climate change or equal rights.

Industry News

Ron Kalifa fights for fintech sector in the wake of Brexit

In 2020, investment into UK fintech stood at $4.1 billion in 2020, which is more than the next 4 European countries combined.

Inside View

How is Michael Bolton supposed to live without… PFOF?

Mullet-clad, leather jacket toting 1980s soft rock crooner Michael Bolton sings about the heartbreak Payment For Order Flow (PFOF) can cause FX liquidity takers

Inside View

Goldman Sachs CEO David Solomon is right!

Working from home should absolutely not be the way forward, and companies closing their office space to make working from home a permanent feature are making a big mistake.