IBF Futures, a unit of Taiwan-based IBF Holdings that provides a platform for international and domestic futures trading with services, is using the Nutanix Cloud Platform to offer customers an improved, more secure trading experience.
Operating in eight foreign future exchanges including London, New York and Chicago, IBF Futures enables investors are able to trade outside Taiwan and in different time zones.
IBF Holdings began using Nutanix five years ago and extended the platform to IBF Futures in 2021. Nearly all IBF Futures transactions now run on Nutanix with the help from the consulting partner Acer AEB.
While versatile, IBF Futures needed to modernise its IT systems to streamline the customer trading experience. It sought to cut its reliance on physical machines and free-up space on premises, and in doing so reduce its carbon footprint.
With stricter regulations from the Financial Supervisory Commission in Taiwan, the company also needed to implement two-factor authentication. Its aims called for a flexible and scalable cloud-based platform.
Implementing Nutanix’s solution also helped IBF Futures make better use of resources by streamlining IT manpower and operations. The company’s workload has technically increased since implementation, but the size of the IT team has not changed.
“It’s our goal to become a leader of digital applications in the trading and financial industry,” said Chao-Hsin Liao, deputy general manager of IT at IBF Holdings. “Since adopting Nutanix’s services, we have saved significant time and manpower.
Liao said that within this second half of 2022, they plan to launch Cloud Strategy System, a service built on Nutanix hyper-converged infrastructure. Users will gain access to historical transaction data on the platform that will support their investment decisions.
“The regulations of the Financial Supervisory Commission present financial services companies with the challenge of digitizing their data,” said Daniel Chang, managing director at Nutanix Hong Kong and Taiwan.