CMC Markets PLC (LON:CMCX), the online trading platform operator, has selected Amazon Web Services (AWS) to speed up the next phase of its digital transformation.
The adoption of AWS will provide the agility, security, and resilience for CMC Markets to deliver on its ambitious product development pipeline, the company said.
By outsourcing the management of network servers, CMC Markets will free up valuable development hours, taking its delivery time for new product innovations from six months to six weeks, it told investors.
"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,” said Brendan Foxen, the chief technology officer at CMC in a statement.
The online spread betting pioneer said it has a raft of new products set to be launched this year.