Pioneering Digital Asset Liquidity with Cutting-Edge Technology
LO:TECH is a leader in digital asset trading. Specialized in high-frequency trading, LO:TECH provides liquidity to centralized and on-chain venues and advanced execution and data services to a growing universe of clients.
Recognizing the growing demand for institutional-quality digital asset trading services, LO:TECH identified the need to optimize its AWS infrastructure to stay competitive and ensure secure operations. To enhance its technological capabilities, reduce operational costs, and reinforce its security framework, LO:TECH strategically partnered with Cloudvisor, an advanced Tier AWS Partner leader in Cloud consulting and optimization.
Obtaining Even Better Results With The AWS Experts
Initially, LO:TECH sought external expert knowledge to further improve their system and to manage the complexity of maintaining a robust infrastructure when potentially processing and storing thousands of messages per second. In the process, LO:TECH faced several challenges.
First, the rising costs associated with their AWS infrastructure as they sought to integrate with more venues impacted their budget and operational efficiency. Secondly, the capability to support their high-frequency trading and extensive data requirements demanded specialized understanding. Lastly, the rapidly evolving digital landscape needed high-level security and compliance for their systems.
Overall, these challenges called for a strategic approach to optimizing resources, improving performance, and strengthening security measures.
Implementing cost-saving opportunities
Cloudvisor thoroughly analyzed LO:TECH’s AWS setup to identify inefficiencies and potential cost-saving opportunities. Using our best practices in cloud management, Cloudvisor implemented cost-optimization strategies to optimize resource allocation, including right-sizing instances, leveraging Reserved Instances and Savings Plans, and optimizing storage solutions.
The AWS Cost Optimization Review (COR) provides a detailed analysis to identify and eliminate unnecessary AWS expenditures. For example, thorough research on LO:TECH’s right-sizing can match actual usage, advice about leveraging the Reserved Instances and Savings Plan can ensure long-term savings, automated scaling adjusts the resources based on demand, and termination of unused resources minimizes waste.
Moreover, Cloudvisor recommended strategies for efficient storage usage. This comprehensive approach provided actionable insights, significantly reducing costs while maintaining or improving operational performance. This strategic advice enabled LO:TECH to manage resources more effectively as they expanded their market data service, optimize spending, and guarantee powerful performance.
“I was able to participate in the Well-Architected Framework Review program, which let me work with Cloudvisor engineers to receive outside feedback on how my infrastructure was built and how to make it stronger and more secure. I am really happy with the whole process. Dawid gave me general guidance along with step-by-step tutorials to help me reconfigure some parts of my infrastructure to make it more secure and more efficient at a lesser cost! What is really interesting is that this advice and support were not just a one-time shot, but I was able to get guidance for as long as it took to implement these guidelines. Regarding cost optimization, after optimizing my infrastructure, I was able to reduce my infrastructure cost by 35%. I highly recommend participating in WAFR to see real and quick benefits from it.”
Fabrice Lefloch
CTO at PAYPS
