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SOFIA (Bulgaria), March 13 (SeeNews) - Global tech giant IBM said on Wednesday ActivTrades, a UK-based forex broker active in Bulgaria, has migrated its online trading platform to IBM Cloud in a move which increases its online trading capacity and the speed of customer service.
"Businesses are moving to IBM Cloud to boost critical application and data performance, gain efficiency, and strategically deploy resources for faster and more secure transactions," Igor Pravica, Country Leader, IBM Bulgaria, told SeeNews. "The new IBM Cloud based platform will help ActivTrades’ clients be always on and manage their financial portfolios faster and better."
ActivTrades completed the migration of its MetaTrader 4 and 5 trading solutions to IBM Cloud after signing a three year IT services agreement with the tech giant. In addition to cloud infrastructure, the agreement also covers IBM technology and security services.
"Our new cloud based platform helps our clients to more quickly access up-to-date account information, stock quotes, community bulletin boards and online features to better manage their financial portfolios," ActivTrades said in a blogpost, adding that it now has the capacity to settle more than a million transactions per day in real-time.
Cooperation with IBM helps ActivTrades streamline operations and enable fast, secure and efficient trade of more than fifty currency pairs in the spot forex market, alongside indices, metals, oil, cryptocurrencies and other products, the broker said.
"Along with our traditional customers, we see an increasing number of clients around the world showing interest in online trading. For us, meeting this growing demand meant that we needed to ensure uninterrupted, fast, reliable, yet flexible and highly secure service, whilst remaining profitable with cost-effective infrastructure," it commented.
In 2017, IBM announced several major deals as part of a move by key European industry leaders to benefit from recent advances in cloud and cognitive technologies through IBM services and expertise. The agreements with a combined value of well over $2 billion (1.6 billion euro) include several leading financial institutions, including Bulgaria's DSK Bank.