The company revolutionizes investing and managing wealth by providing a dynamic set of platforms, APIs and services. As a result of using Apex Clearing Corporation’s and custody services. The company worked on making margin calculations faster. It more precise for real-time financial analysis and better risk management. Apex decided to follow a cloud migration plan. And it use AlloyDB for PostgreSQL from Google Cloud. Which is a powerful and managed database designed for fintech innovation.
Today’s fast investment world relies closely on accuracy and quick decisions. Since investors and businesses trading requires constant updates. Fintech businesses are offering fast. It effective API trading solutions.
Changing from Batch Method to Real-Time to Improve Margin Calculations
The company used a locally installed Java and Microsoft SQL Server system. It’s complete its daily margin calculations in the past. With this model, Information collected by in batches. And it gave a snapshot of the data at the beginning of the day. Cloud Security Architect but it did not offer enough agility for the modern market. As part of moving our systems to the cloud. We planned to redesign this system. So it is flexible, fast and always provides real-time financial data.
Because our clients could now calculate margin in the cloud. They could quickly check their risk at any time in a fast-changing market. Where equity needs can alter swiftly through market movements. And modifications in their portfolio.
Google Cloud Fintech’s power lies in its AlloyDB product.
As a result of considering many choices. They picked AlloyDB for fintech tasks. Because it supports PostgreSQL, offers high availability. It can scale to any requirement. It is deeply connected by Google Cloud services.
- Because of this change, we were able to build our application using a microservices architecture.
- AlloyDB replicas support splitting workloads that are transactional from those that are for analysis.
- As a result of this transition, we could put microservices in place and use their advantages.
- AlloyDB stores transactional and analytical information on different replicas.
- An analytics engine that works well by using fewer computer resources.
- You can use GKE which includes autoscaling, to handle resources automatically.
- It is easy to process events efficiently using Google Cloud applications Pub/Sub.
Using AlloyDB for fintech as the main database removed. Our need to transfer or duplicate data. So we have true real-time reporting from AlloyDB.
Half the time is taken off processing time
Our current system gives users on-demand margin options through the Apigee API. As well as batch processing for all account holders daily. This new ability greatly benefits our clients, letting them adjust to different situations and grow as needed. There has been a big improvement, We halved the time needed for processing. So now we can compute margin requirements for 100,000 accounts in under a minute. We are also looking into further improvements in efficiency.
Conclusion
How Apex FinTech adopted AlloyDB for fintech illustrates. That adopting cloud-based solutions can improve and optimize. The main operations of financial companies. Thanks to using Google Cloud for fintech. Apex is able to deliver better and quicker financial analytics in real time to its clients. Using technology that does calculations in the cloud and connects trading systems. The company has managed to lower processing times by 50% and add more flexibility, scalability and innovation to its work. Going forward, Apex is being partnered by Google Cloud. It allows to lead the financial technology field by supplying smarter, faster and safer services ahead.
Frequently Asked Questions: AlloyDB and What Apex FinTech Offers
1. Why did Apex FinTech decide to shift from on-premises systems to those in the cloud?
The company wanted to revise its infrastructure to increase its capacity, adaptability and efficiency. Since the legacy system couldn’t give by instant insights. A strategy to migrate fintech applications by Google Cloud was created.
2. Why did Apex decide to use AlloyDB for PostgreSQL?
AlloyDB for fintech provides a chance to enjoy high availability, database compatibility and improved data analysis. Because of this, analysis and real-time queries could be grouped differently, The workload was distributed with read replicas. The processing time was decreased through the use of columnar storage.
3. What results in performance improvement did Apex experience using AlloyDB?
Thanks to the faster performances. Apex can now make margin calculations for 100,000 accounts in less than a minute. It much faster than the previous on-premises system could.
4. What approaches are used to perform margin calculations in real time?
Apex uses cloud-based margins, along with microservices and Apigee APIs, to do real-time calculations on account data in AlloyDB.
5. What aspect of Apex’s infrastructure does Google Cloud support?
Because of Google Cloud for fintech, Apex can rely on a scalable and safe framework with GKE, Pub/Sub and AlloyDB. Thanks to these tools, the platform can scale automatically, react to events and make good use of resources.
