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Did you know that a laptop is stolen every 53 seconds? Also, more than 70 million smartphones are lost or stolen each year. Not only is hardware stolen, but valuable data stored on devices is also lost. Think about how a company stores its important information on such a device and then loses it to a villain. The picture doesn’t look good, but thanks to cloud computing and the COVID-19 epidemic. The picture gets better.
The recent coronavirus epidemic has forced companies to adopt new methods to keep their businesses afloat. While employees working from home appreciate its own set of advantages, one might be surprised that at this uncertain time, a failing hardware system will fail. The worst thing is that many countries in the world have imposed blockades and in such a situation it will be difficult to recover the lost data. This brings us to the one-hour need – secure and reliable storage for unlimited data or avant-garde cloud storage services.
Cloud Based Trading Platform
Today, cloud storage has become a buzz around the world. “Cloud” means nothing more than a group of software and services running on the Internet, rather than your own computer or device. The data in the cloud is actually stored on the company’s servers. Users don’t have to save anything on their laptop or phone. They can store data in the “cloud” and share resources with others seamlessly. Some popular cloud service providers include Amazon Web Service, Google Cloud, iCloud, SAP and Microsoft Azure.
Overview Of The Smarttrader Platform
Meanwhile, the financial and business space is no different. Cloud products will be the future and downloaded trading platforms will disappear “Trade from home” will be the new black 6 This means that traders can trade easily and enjoy many benefits. Let’s take a closer look at the benefits that cloud business systems can offer
Cloud trading systems will revolutionize the way we trade around the world. Novice marketers who have a limited budget when buying a device often look for RAM and hard disk space specifications. This is usually because the conventional software that needs to be installed can take up a lot of space on the device. However, cloud technology allows for full mobility thanks to a network that does all the work. Whether server load distribution or server failure, cloud-based business systems provide better reliability and efficiency.
Trade anytime from any place or facility. This is a plus during the current coronavirus epidemic. One of the advantages is mobility; The system will increase data security. Since whatever merchants need will be stored in the cloud, data can be accessed no matter what happens on your device. Even if your device is lost or stolen, you don’t have to worry about any hackers or data breaches. Traders can return to cloud trading immediately.
Also, cloud-based systems support better team collaboration. Employees of FinTech Company do not have to send documents back and forth when a document is available in the cloud. This document can be used for sharing and collaboration. Similarly, it is possible to trade by sharing ideas in one place. Since it is a technology for both consumers and companies, cloud services benefit businesses small and large in disaster relief. Overall, it creates a level playing field.
Smart Cloud Marketplace
According to a ResearchAndMarkets report, the global algorithmic trading market is expected to have an CAGR of 11% between 2019 and 2024. One of the major trends in the market is that cloud algorithmic trading platforms will receive the most attention during this forecast period.
Creating a cloud platform will be the solution in one place for every trader who wants to do business from their home, car or beach. There is a lot of market data available in the cloud, which is convenient for stock exchanges and financial transactions firms. Cloud trading platforms will undoubtedly offer countless benefits, such as cost-effectiveness, efficient management, scalability, and uninterrupted business maintenance. In short, the cloud web and mobile business application will become the new standard in the coming years. How are you ready to trade in the cloud?
The platform on which the application will run plays an important role in the design of the application. Capturing the platform in design ensures that the functionality of the final product is better, more durable and easier to read
A trading system is a set of rules and procedures based on technical indicators and basic analysis. In other words, it is a trading plan that tells the trader how and when to trade. Read more
Why Cloud Based Trading Systems Will Be The Best Solution To “trade From Home” During A Pandemic
Want to know more about different blockchain platforms? Here is a comparison between your guide and different platforms for them. Blockchain Platform Are you interested in available blockchain platforms? Read more Trading platforms are the main tool for traders to buy and sell assets in the financial market. Choosing the right one is crucial to make the process safer, more comfortable, easier and more successful. Today’s informal and active traders are looking for solutions in one place that allows them to trade from any convenience and from anywhere: from home, office, car or even the beach. Especially during the ongoing epidemic. They want agile, efficient software that does not require any complicated installation, takes up a lot of hard disk space and is resilient for sudden network problems. And cloud trading platforms meet all these requirements perfectly. They enable continuous trading 24 hours a day, 7 days a week, securely store user data, provide instant access to trading information and ensure uninterrupted collaboration within the company’s fintech team.
In this article, we will look at the nuts and bolts of creating a cloud trading platform that will help you create a powerful solution that excels in the market.
A key advantage of cloud solutions is that users do not have to download and install them on their devices. This way, you can save valuable hard disk space and computing power so that the application works. However, this does not necessarily mean that such applications do not require any storage space or computing power. Unlike on-premise solutions, cloud software performs all calculations behind the scenes, in the cloud. This requires the cloud provider to host the application and give users access to it.
The first thing you should do when creating a cloud trading platform is to choose a cloud service provider. There is no one-size-fits-all solution. To make the right choice, you need to focus on the needs of your platform and the budget of the project.
A New Trading Experience
However, there are a few basic things you might want to look at with a cloud provider. Let’s take a closer look.
Security Since local hosting is rapidly being replaced by the cloud – currently 92% of companies host at least part of their cloud IT environment – security is becoming a major issue facing the industry. According to IDC, 98% of companies have experienced at least one cloud data leak in the last 18 months, 20% more than in 2020. So, you need a cloud provider with maximum protection of your business platform
First, set your security goals based on the type of data that your trading platform will process and store. Then check out the security measures provided by different providers and the methods they use to protect client information and software. To avoid future misunderstandings, you may want to clarify and legally define what each party – you and your cloud provider – are responsible for.
Reliability and availability. In addition to security, cloud availability and reliability are the most important criteria for choosing a cloud provider, not to mention that these are probably the two main reasons to move your business to the cloud. If you want to build a reliable cloud-based business platform and keep it running 24 hours a day, 7 days a week, you should consider providers that offer widely available and uninterrupted hosting services. Explore the downtime history of the cloud providers you rate. Such information is usually freely available on the Internet. For example, Amazon Web Services displays up-to-date information about each of the six continents.
The Basics Of Creating A Cloud Based Trading Platform
Architecture. When choosing a cloud provider for your business platform, you need to think about how the cloud architecture you plan to purchase will integrate with your current and future workflow. For example, if your company has already invested heavily in Google or Amazon, it makes sense for you to continue with these vendors for easy integration and consolidation.
Measurable. As your user base begins to grow, you may need to increase the number of IT resources you use or, conversely, if the demand for your services decreases – shrink the platform so that you don’t pay for unnecessary resources. Therefore, you may want to look for cloud providers that offer on-demand cloud infrastructure scalability.
Consent. Also, make sure that the cloud provider you choose can help you meet the standards that apply to the company’s fintech:
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