CMC Markets joins Hewlett Packard Enterprise for cloud upgrade

CMC Markets has announced a strategic collaboration with Hewlett Packard Enterprise (HPE) to modernise and enhance its Australian operations using HPE GreenLake.

The adoption of HPE GreenLake cloud aims to deliver managed infrastructure solutions across hybrid cloud environments, enhancing the market agility and online trading platform performance for Australian investors.

The implementation of this cloud service will enable CMC Markets to focus more on expanding its product and customer offerings, while also managing fluctuating market demands more efficiently. The new technology platform aims to deliver improved performance and resilience for CMC's trading platforms, providing a scalable solution designed to meet dynamic business demands across the Australia Pacific region.

CMC Markets is recognised as Australia's second-largest retail stockbroker and a significant player in the global fintech market.

The collaboration with HPE GreenLake is expected to significantly enhance CMC Markets' operational capabilities. The transition to a cloud service model meets the requirements of high availability, security, and control that are critical to their business operations. The HPE GreenLake cloud infrastructure will incorporate HPE ProLiant DL360 and HPE ProLiant DX380 servers, along with HPE Alletra 9000 storage for mission-critical workloads.

Matthew Lewis, Director at CMC Markets and Head of APAC & Canada, emphasised the importance of an adaptable IT infrastructure in the financial sector. "The need for a highly responsive and adaptable IT infrastructure is critical in the fast-paced financial sector," Lewis said. "With HPE GreenLake, we are not only able to scale our operations more efficiently, but also ensure that our trading platforms are always available and performing at their best to enhance our customers' experience and maintain our competitive edge."

CMC Markets has entrusted HPE Services to manage their foundational IT assets. This allows the company to concentrate more on product and customer expansion while maintaining financial flexibility and technological agility. HPE GreenLake enables CMC Markets to effectively manage fluctuating market demands, which is crucial in the volatile financial markets.

Chris Weber, Vice President and Managing Director for South Pacific at Hewlett Packard Enterprise, highlighted the strategic importance of the collaboration.

"Our collaboration with CMC Markets is a powerful example of how HPE GreenLake can transform the IT landscape for financial services providers, offering them the flexibility to innovate and expand their services without being hindered by traditional IT constraints," Weber stated.

Beyond the expected operational improvements, the new technology platform will provide enhanced performance and resilience for CMC Markets' trading platforms, which is essential in maintaining competitiveness and providing better experiences for customers.

The move signifies a broader impact beyond simple infrastructure enhancements, showcasing how advanced technology can drive business agility and customer satisfaction.

The deal was facilitated by CDW, which acted as the partner of choice for CMC Markets. The longstanding relationship between CDW, CMC Markets, and HPE is credited with achieving an optimal outcome aimed at enhancing CMC Markets' business agility.

Jonathan Valdes, Country Manager at CDW, added: "We're proud to be both a valued Partner and trusted advisor for HPE and CMC Markets alike."

"This infrastructure investment will change the game for CMC Markets' business in Australia, significantly enhancing the experience for its customers," he said.