Derivatives boutique Leonteq will be collaborating with Google Cloud to support its platform scalability by extending its infrastructure to the cloud.
Leonteq will be augmenting its distributed (grid) computation capacities using infrastructure from Google Cloud, the Swiss firm, which also operates offices in Asia in Singapore, Hong Kong and Japan, announced on Thursday.
Bringing infrastructure to the cloud will add flexibility and performance at scale for the firm's core grid computation processes, allowing the company to meet the higher computation demand from business growth and increased demand for pricing and trading of structured investment products from clients and white-labelling partners, Leonteq said in the statement.
Business Transformation
According to the firm, this initiative is part of the key strategic initiatives announced in mid-2018 to transform its business model and adopt a fully digital approach that focuses on delivering enhanced scalability and further growth, achieving optimized capital usage, and renewing the investment experience for clients and partners.
«As we continue transforming our business model towards a higher degree of scalability by innovating our technology platform, it is of high importance that we work with a company also pushing the boundaries of what is and what is not possible,» Lukas Ruflin, Leonteq chief executive officer, said.
