Case Study: nextmarkets achieves real-time trading agility with Microsoft Azure DocumentDB

FinTech company nextmarkets moves in real time with Azure DocumentDB

nextmarkets, a fintech company and provider of an online education and trading platform, required a development platform that could handle high-frequency financial data in real time with low latency. Their challenge was to support continuous updates for thousands of products and high user volumes while maintaining a cost-effective and agile development process. To meet this need, they partnered with Microsoft and chose Azure Cosmos DB (then called Azure DocumentDB) as their database solution.

By implementing Microsoft's Azure Cosmos DB, nextmarkets gained a fully managed service that effortlessly handles thousands of financial product updates per second. The solution provided millisecond response times at any scale, enabled automatic indexing for smooth deployments, and freed developers from infrastructure management. This allowed nextmarkets to offer real-time trading data and account recalculations to its users, supporting its rapid business growth and agile development cycles while controlling costs.

nextmarkets

Dominic Heyden

CTO and Co-Founder