Case Study: Spot Trading cuts archival costs 96% and reclaims 40 IT hours/month with NetApp AltaVault

Spot Trading Implements NetApp AltaVault Cloud Integrated Storage to Optimize Data Backup

Spot Trading, a technology-driven proprietary trading firm, faced a time-consuming, manual backup process that tied up IT staff and slowed restores. As the company grew and regulatory needs increased, managing tapes and off-site archives consumed about one week of one person’s time each month and could occupy multiple people for two to three days during restores, preventing the IT team from focusing on higher‑value projects.

Spot implemented NetApp AltaVault cloud‑integrated storage with Amazon Glacier and Symantec Backup Exec, using compression, 85% deduplication and strong AES-256 encryption to minimize cost and secure archives. The new solution reclaimed roughly 40 hours per month for IT, cut archival costs by 96% (with a two‑year appliance ROI), avoided an estimated $500,000 in SAN upgrades, and moved restores from days to minutes (or ~4–5 hours from Glacier) while greatly reducing stored data and ongoing expenses.

Spot Trading

Andrew Girin

IT Technical Team Lead