FX traders see sunshine through the Cloud

Dan Barnes discovers how high availability, improved tolerance and increased scalability are leading FX traders to place more confidence in the Cloud.

Ownership of digital real estate can be likened to the ownership of wealth; at some point physically holding it becomes impractical and a ‘virtual’ alternative must be considered. As with wealth, using a secure specialist, who can ‘lend’ additional resources when they are needed, provides a flexibility that can really boost a business. Jubin Pejman, managing director of FCM360, a technology provider for derivatives trading firms, says, “We define our Cloud as a collection of different data centres around the world with different connectivity options and different types of computing. A defined set of components that you can select to provide a solution.”In the highly distributed and fluid foreign exchange markets, a highly distributed technology model carries obvious advantages. Nevertheless placing such important assets in the hands of a third party has not always been a comfortable choice for FX trading firms. John Stead, pre-sales manager at financial software...continued

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