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Faster trading decisions

Commodity trading business

Gaining a competitive edge through speed

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Improve the speed of decision making & compliance

Outcome. A data lake on AWS built on our delivery framework, processing data from many sources in near real time, so trading decisions are no longer waiting on the platform. The design meets the industry’s data compliance requirements, and the client’s own data engineering team stayed on its operational priorities while we delivered, on time and on budget.

We were approached by a UK-based business that had an issue with data organisation. Its existing platform was not enabling it to make trading decisions fast enough – and this was impacting its business. The new solution would need to enable the business to meet industry data compliance regulations while enabling near-real-time data processing from a myriad of sources.
A Data Lake had already been identified as a well-suited solution by the company’s data engineering team. However, without relevant experience and busy with other pressing operational matters, it would have to shift its focus. This would have a negative impact on the business, so the business recognised the need to bring in additional expert help. The Data Phoenix team designed a solution that would address the issues identified.

We brought in the necessary expertise and delivered a solution based on our Data Lake on AWS framework. We helped the company to improve the speed of decisioning, improve data organisation and meet compliance requirements to deliver the Data Lake on time and budget.

Want to learn more? The platform decisions behind this work are the subject of data platform consulting, and the build itself follows our AWS data lake services. For how the data was organised, see AWS data lake layers explained.

Goals

  • Make faster trading decisions
  • Gain an edge over the competition
  • Understand the market and the business better
  • Deploy an easy-to-use and dependable solution without losing focus on existing projects

Solution

  • Ingest data into Data Lake simple storage repository
  • Process real time using AWS serverless and interactive query service
  • Incorporate modular solution tailored to business needs
  • Easy to understand and use deployment workflows
  • Process data when you need it, with rich set of tools available in AWS Cloud

Benefits

  • Fast, accurate and innovative business decisions that drive revenue
  • Reduced cost of ownership thanks to a ‘reuse data’ approach; pay only for one copy stored
  • Production-ready environment within two months
  • Cost and time savings during project phase with our Data Lake framework (when compared to developing a similar solution in-house and from scratch)
  • No significant involvement of the operations team required when adding new ingest layers.

Unleash the Power of Your Data

If you’d like to know more about how we can help you architect and implement a solution that helps you unleash the value in your data, please get in touch.

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