Adaptive Financial Consulting has collaborated with regulated digital asset exchange Bullish to increase trading capacity and boost throughput as it looks to scale and meet growing business demand.
Bullish has signed a multi-year deal with Adaptive to replace its incumbent messaging vendor technology with Adaptive’s Aeron Premium, and to receive support and professional services.
Adaptive’s Aeron Premium is an enterprise-grade product which complements the Aeron open-source technology, providing additional software components for performance, security, and resilience.
As a cloud-native exchange built on Google Cloud’s scalable infrastructure, Bullish was able to source Adaptive’s Aeron Premium services directly through Google Cloud Marketplace.
“As a cloud-native exchange, we believe that the future of finance is firmly rooted in the cloud. Bullish was already using Adaptive’s FIX engine and we also have strong ties with Google Cloud,” said Alan Fraser, head of platform infrastructure at Bullish.
“[…] Leveraging Adaptive’s support services provided us with invaluable expertise and assurance, significantly mitigating the risk associated with upgrading to a more scalable architecture.”
According to a recent AWS whitepaper from January, key advantages of moving financial market infrastructure to the cloud include lower barriers to launching new markets globally, thanks to increased standardisation and harmonisation. Other benefits include the ability to operate 24/7, access to cutting-edge technology, cost savings, and improved operational efficiency.
Despite these benefits, legacy systems were built in a different time, and operations are steeped in historical processes and data. This therefore requires large amounts of investment and attention to allow market players to execute their goals.
Since implementing Aeron Premium, the Bullish exchange has achieved a number of business benefits including improved throughput and capacity, high availability of Bullish’s 24/7 exchange operations, and added security.
“Aeron technology is specifically designed to handle very large data volumes with minimal latency, ensuring 24/7 high availability, not only in traditional on-premises environments but more importantly on the public cloud, providing a robust backbone for Bullish’s 24/7 trading operations,” said Matt Barrett, chief executive and co-founder of Adaptive.
In the future, Bullish aims to utilise further Aeron Premium components for clustering and resilience to create a more flexible and maintainable infrastructure, enabling the exchange to perform hot upgrades in a 24/7 market, significantly reducing maintenance challenges.