How Forex Companies Use the Cloud: Challenges and Solutions

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To learn more about the current challenges Forex companies face today, and how cloud computing can address these head on, then download the How Forex Companies Use the Cloud whitepaper now.

Forex is a decentralized global market where the world’s currencies trade, meaning that companies need to provide traders with instant access to a global platform to buy and sell foreign currencies, with ease and without delay.

However, with many Forex businesses now operating on a global scale, this means that they’re more vulnerable than ever to a range of network, security and regulatory challenges when using certain cloud technologies.

Fortunately, Alibaba cloud provides the necessary compliance, security, resilience and scalability to enable Forex traders to operate on a global scale.

Network

One may assume that by utilizing a cloud network, the risk of network latency will increase. This is a potential issue for Forex companies, where a millisecond delay may cost them a deal. However, many cloud computing environments now offer low latency applications for high-speed trading, fast management and real-time threat prevention.

The Alibaba Cloud Cloud Enterprise Network (CEN) does just that, providing a distributed and hybrid global network that’s ideal for FX businesses that require extensive network coverage, often under high demand.

Security

Security and resilience are paramount concerns for the Forex industry. Cyber criminals now use a range of online attacks to penetrate servers in the financial services industry, which is why Alibaba Cloud is committed to safeguarding the cloud security for every business.

We offer a robust set of solutions at every security level, including your application, data and platform security layers. Our comprehensive Security Services defend against 800 million attacks every day and across 194 countries.

Regulation

Global compliance is a necessity in the Forex industry where you need to adhere to various security standards, as well as industry requirements.

At Alibaba Cloud, we engage with independent third parties to verify our compliance according to these various requirements.

The Solutions?

Cross-Region Connection

Jittery connections whilst accessing trading servers across geographical boundaries via the Internet can leave Forex companies susceptible to high packet loss rates, latency issues and an inferior user experience. One of the solutions Alibaba Cloud offers to combat this is Global Acceleration, a product which can further extend a network without any of the issues associated with global communications.

Global Security Protection

Alibaba Cloud provides an extensive range of security solutions to protect its customers within the Forex market. Our Security Center, Anti-DDoS, and Web Application Firewall (WAF) services are popular solutions, providing the DDoS mitigation, web endpoint protections, centralized security operations and application data protection to protect your financial data.

Dedicated Hosting Using Bare Metal

Forex companies often experience periods of high and low network demand, requiring continuous high-performance from servers. This is where our ECS Bare Metal Instances can help, which feature both the elasticity of a virtual server and the high-performance and user experience of a physical server, without any virtualization overheads.

For the Forex industry, it is vital that traders can make split-second international trades in an incredibly secure and low latency way. Happily, the cloud provides the necessary compliance, security, resilience and scalability to enable Forex traders to carry out secure, efficient and compliant trading.

To learn more about the current challenges Forex companies face today, and how cloud computing can address these head on, then download the How Forex Companies Use the Cloud whitepaper now.

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