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.
“As a young technology-focused business, LO:TECH had found it hugely important to have dynamic, supportive, business partners. Cloudvisor fits that mold and has been pivotal to supporting our rapid AWS scaling requirements.”
Tim Meggs
Co-Founder & CEO, Low observable technology
