The GED was able to get up and running on TickVault in fewer than two weeks. “Building a Hadoop cluster in-house would have taken us several months, but we were using this solution much faster because of the AWS Cloud,” says Bergeron. “That was key for us, and it validated our decision to move to the cloud.”

GED can easily scale TickVault to consume and analyze financial tick data. “Using TickVault on the AWS Cloud, we can easily process and analyze hundreds of terabytes of trade data and historical quote data,” says Bergeron. “We would not have been able to do that without the scalability of AWS. And we can now look at data from 10 years ago if we need to, because we don’t have to rely on our on-premises solution anymore.”

The organization’s business analysts can now conduct post-trade analysis much faster than before. “The speed and performance of AWS are impressive. Data manipulation processes that took days are now down to one minute,” says Bergeron. “Post-trade analysis used to take weeks, so we wouldn’t do it that often. But now, relying on TickVault and AWS, we can look at both current and historical data in just a few hours.”

Now, GED can better serve its customers. “We have faster and better post-trade analysis capabilities using TickVault and AWS,” says Bergeron. “As a result, we can improve and optimize our trading operations and generate more revenue for National Bank of Canada. We can also use the data to see how we can trade at better prices for our customers.”

GED will be extending its use of TickVault to include compliance and risk data management. “We see this as just the beginning of our use of the AWS Cloud and TickVault,” Bergeron says. “We know we will be able to do much more with our financial data as our platform continues its fast growth.”