DBS Bank Uses Amazon ElastiCache for Redis to Run Its Pricing Models at Near Real-Time Speed

As one of the largest banks in Asia, DBS Bank Ltd. (DBS) offers innovative financial services to support a wide range of customers, including trading companies. Over the decades, the bank’s quantitative pricing engines have helped trading customers identify the most profitable opportunities using algorithms built in house. In recent years, DBS migrated its Quant Pricing Engine (QPE) to Amazon Web Services (AWS) to offer near real-time pricing with a dynamic workload for its customers. Using this innovative pricing solution, DBS processes data on a massive scale on demand and generates responses from its pricing models at a fast speed. With QPE, DBS has effectively harnessed the power of cloud technology to improve its customers’ price discovery journeys and help traders better manage their market risks.

Vendor:

AWS

Posted:

Nov 26, 2024

Published:

Nov 26, 2024

Format:

PDF

Type:

White Paper