Making Market Data Costs Predictable in the Cloud

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Making Market Data Costs Predictable in the Cloud

Strategic Blue Logo - matching design guidelines (4)

The Background

BCC Group became a Strategic Blue customer in 2018, first and foremost to aid their own cloud journey and to utilize Strategic Blue’s core business of being Cloud FinOps experts. As the relationship developed, it became clear that BCC Group and Strategic Blue shared a common goal, and a Partnership began to develop with BCC Group focusing on their Market Data in the Cloud, and Strategic Blue focusing on Cloud FinOps.

The Challenge

As with much of the financial and technology industries, market data is a high-volume, low latency industry. Financial firms can easily move millions of prices and other data through the cloud in seconds. When you couple that data flow with system utilization and storage requirements, the cost of cloud is hard to predict and can be a significant challenge for CFO’s in the industry. Also, the flexible nature of cloud computing can result in companies having fast-growing cloud costs which they struggle to keep up with and stay on top of.

These complexities made it even more important for BCC Group to engage with Strategic Blue, as their FinOps expertise provides significant clarity and transparency to cloud costs and usage, as well as keeping costs as low as possible.

The Solution

BCC Group initially signed up with Strategic Blue for their own cloud requirements. Like most other companies in the industry, they found tracking costs and keeping costs to a minimum a challenge.

Once Strategic Blue had worked closely with BCC Group on their own cloud journey, it became clear that a Partnership between BCC Group and Strategic Blue made sense, with the customers of both parties being able to benefit from the services offered. Importantly, BCC Group works with some of the largest financial institutions on critical data, and as such required a partner that could completely control the cloud FinOps complexities.

BCC Group has subsequently brought the Strategic Blue team into engagements with clients who are desperate to understand their cloud costs and reduce their cloud costs as much as possible. Through Strategic Blue’s People Powered FinOps services, BCC Group’s customers are able to leverage the Strategic Blue expertise here, understand where the money is flowing, and reduce their cloud costs as much as possible. Similarly, Strategic Blue works across a variety of financial focused customers who have been introduced to BCC Group and their ONE Platform so that they can leverage their strong expertise of market data in the cloud.

The Results

BCC Group and Strategic Blue have forged a powerful partnership and offering for financial institutions. Providing a seamless service of data streams, as well as a means to keep on top of ever-growing cloud costs.

BCC Group and Strategic Blue jointly hosted the event ‘Market Data In The Cloud’ in 2019, which was a fantastic platform for both parties to reach out to like-minded companies who could benefit from both offerings. Strategic Blue and BCC Group will continue to work closely together, not only on BCC Group’s cloud environments, but also on the wider financial industry that can benefit from this type of work.

The Future

BCC Group will continue to channel business over to Strategic Blue because they help us answer one of the most difficult questions, “can you make the cost of cloud predictable?”.