How Libertex is trading up its tech game
(Norwich, UK, 13/12/2019)
Founded in Russia, Libertex Group (formerly Forex Club), was originally established as an academy to teach people how to trade in Forex. The originators decided to create their own trading platform and take a lead in the market.
During the journey from single market operator to international trading platform provider Chief Information Officer Grant Brett has led the transformation at Libertex. “Five years ago, it took us a quarter to achieve a delivery cycle, but now we’re delivering every day,” Brett tells Business Chief Europe magazine. “We’ve gone through big changes of our culture, technologies and work practices to realise that.” That change of culture began with the IT strategy Brett implemented as part of a three-year plan that focused on cloud first. “We looked at the five stages of our maturity… Level One being Ad hoc. Level Two, Repeatable. Level Three, Defined. Level Four, Measured, Level Five, Optimised. We discovered we were quite low in the scale, and that a company with 20-year-old legacy systems needed big transformational changes.”
The cloud-first strategy at Libertex targeted transforming from monolithic systems to service-oriented architecture. “We adopted AWS as our cloud partner and began focusing on technical mobility with a plug-and-play mentality rather than tight integration,” reveals Brett. “We had to forget about the legacy and dispose of technical debt; because when you're a commercially driven company things often need to be done quickly to meet commercial demand.”
To read more about how Libertex is meeting the challenge of balancing commercial delivery with the architectural purity of its platform, while integrating real-time CRM, the full story can be found in the December issue of Business Chief Europe.