Alibaba Cloud CloudQuotation is designed to make global capital markets more transparent. It provides different levels of information based on customer groups. CloudQuotation is the first of many Alibaba Cloud services geared towards the exchange markets. In the future, CloudQuotation will provide services for futures and securities exchanges. This topic describes the benefits of CloudQuotation compared with conventional quotation services.
Data computing within nanoseconds
Built on top of Alibaba Cloud Elastic Compute Service (ECS) instances, CloudQuotation can calculate and process tens of millions of indexes each second. Compared with other quotation services that need 2 microseconds to calculate a single index, CloudQuotation only needs 0.8 microseconds to complete the same task.
Fast and reliable data transmission
CloudQuotation establishes a direct connection between clients and data sources, which reduces physical latency. CloudQuotation also utilizes a proprietary combination of protocols to ensure minimal packet loss. These features allow CloudQuotation to push tens of millions of quotation data records each second. If you view the quotation data of the US stock market in the China (Shanghai) region, the average network latency of CloudQuotation is 98 ms, and the packet loss rate of data transmission is 0.0001%.
Ultra-low investment threshold
CloudQuotation lowers the investment threshold for customers. Powered by other Alibaba Cloud services, CloudQuotation offers reliable one-stop quotation services that provide market by order (MBO) data. Customers can use CloudQuotation to develop quantitative strategies and invest on securities in a stable and effective manner. This way, customers can enjoy high-efficiency quotation services at a low cost.
Worldwide disaster recovery network
CloudQuotation directly connects to the point of presence (POP) locations of exchanges to ensure high availability of data sources. CloudQuotation uses the enterprise-grade disaster recovery network of Alibaba Cloud that is distributed across the globe. This network provides customers with flexible disaster recovery solutions, such as multi-zone backup, local active-active, and geo-disaster recovery.
Complete quotation data
CloudQuotation obtains tick data of exchanges to offer a centralized solution that can provide quotation data of different financial assets such as stocks, futures, and options. CloudQuotation serves as an out-of-the-box quotation service mid-end to link multiple data sources across different departments.
Comprehensive one-stop services
CloudQuotation provides a simple and convenient method for customers to complete all the required processes to use services that are provided by exchanges. These processes include activating, applying for, reporting, and settling accounts for the services that the customers need.
Data interfaces with unified technical standards
CloudQuotation provides a standard interface for customers to use the quotation services of various exchanges. CloudQuotation is flexible and scalable, and also supports canary releases. This allows customers to update their technologies and reduces the cost of system maintenance.
Flexible quotation service management
CloudQuotation allows customers to configure multi-connection and multi-modal service strategies, meeting custom management requirements.
Strict access control and data encryption to provide stable and secure services
CloudQuotation implements multiple security measures for data in transit, such as logon authentication, encrypted data transmission, and secure cluster management. This effectively prevents information from being stolen and safeguards the legitimate rights and interests of customers.