Plus500 is a market-leading provider of Contracts for Difference (CFDs), delivering top of the range trading conditions on shares, forex, commodities and indices alongside innovative trading technology. The company is headquartered in Israel and has subsidiaries in the UK, Cyprus, Australia, Singapore and Bulgaria.
The Obstacles They Faced
With a wealth of in-house technical expertise, Plus500 needed a partner to act as an extension of its team to enhance its capabilities. As Plus500 has grown, its cloud requirements have become more complex. The company experiences dramatic spikes in traffic, so it needed a reliable cloud platform with elastic qualities. And its operation in a highly regulated financial services industry requires a constant focus on compliance and security.
What We Achieved Together
Rackspace Technology has managed the Plus500 private cloud environment for more than 10 years and helped Plus500 transition to multicloud with Google Cloud Platform™. The flexibility and scalability of this environment ensure its trading platform can facilitate more than three million trades every month — more than one per second. Rackspace Managed Security services help Plus500 navigate complexities related to data and security.