Stockholm-headquartered Itiviti announced its entire electronic trading platform will be moving to cloud, opting for a hybrid private-public cloud strategy to maintain modularity and flexibility. This will be rolled out in phases with the first set of applications running in the cloud due to go-live by the end of 2020.
For the project, the firm is collaborating with data center experts Data Canopy and technology and supply chain services specialist Ingram Micro. The team will be using Amazon Web Services (AWS). The project is expected to improve operational performance, increase efficiency and security and reduce IT costs. Itiviti will also help capital markets players to extend the deployment of their businesses across the globe by leveraging the new cloud-based trading infrastructure.
“The (AWS Cloud Adoption) framework provides guidance that supports each unit within Itiviti’s organization to understand how to update skills, adapt to existing processes, and introduce new ones to maximize the advantages of cloud computing of the services,” says John Wrona, Cloud Market Development executive at Ingram Micro, in a statement.
Itiviti is rolling out a program of investment and innovation across the entire firm, said Antoine Moreau, head of Infrastructure Services at Itiviti, in a statement: “This cloud initiative follows a massive infrastructure upgrade of our NYFIX order routing network (and) this project will increase our platform’s adaptability in a context of accelerated virtualization of the capital markets.” There is expected to be further use of technologies such as microservices and containerization to develop and deliver new services faster and more efficiently.