Zhengzhou Commodity Exchange and Alibaba Cloud reached a cooperation to promote the construction of core data analysis platform

Introduction to On May 20, Zhengzhou Commodity Exchange (hereinafter referred to as "Zheng Commercial Exchange") recently reached a technical cooperation with Alibaba Cloud to further improve the data analysis efficiency of the Zhengzhou Commercial Exchange data platform by introducing Alibaba Cloud AnalyticDB cloud native data warehouse And user experience.

On May 20, Zhengzhou Commodity Exchange (hereinafter referred to as "Zheng Commercial Exchange") recently reached a technical cooperation with Alibaba Cloud to further improve the data analysis efficiency and user experience of the Zhengzhou Commercial Exchange data platform by introducing Alibaba Cloud AnalyticDB cloud native data warehouse.

According to the reporter’s understanding, ZCE is the first futures market pilot unit approved by the State Council. It is managed by the China Securities Regulatory Commission. It is one of the important national financial infrastructures. Its trading products cover grain, cotton, oil, sugar, fruit, and energy. , Chemical industry and other fields. As of the end of March 2021, ZCE's cumulative trading volume was 630 million lots, with a turnover of 24.1 trillion yuan.

With the rapid growth of the scope of commodities and transaction volume in the firm, the original data platform of ZCE has been close to saturation after years of operation, unable to efficiently support services such as in-depth data analysis and ad hoc query, and there are long expansion cycles and high costs. problem.

Under comprehensive consideration, ZCE decided to introduce Alibaba Cloud AnalyticDB cloud native data warehouse as the underlying storage computing support platform to ensure the data analysis efficiency and user experience of the ZCE data platform.

The relevant technical person in charge of ZCE pointed out: "Alibaba Cloud AnalyticDB performed well in the preliminary internal test, the product maturity is high, and it has many successful landing cases in the financial industry. It is believed that it will provide a powerful platform for the construction of ZCE data platform. Technical Support."

It is understood that AnalyticDB is a large-scale verified analysis database under Alibaba Cloud. It has achieved the world's first performance and cost-effective results in the TPC-DS and TPC-H tests organized by the authoritative evaluation agency TPC. AnalyticDB has supported the massive data analysis during the Double Eleven Shopping Festival for many years, and has been widely used in Alibaba Group's multi-business scenarios, and it has widely served customers in the fields of futures, securities, banking, insurance, etc., helping customers realize the online value of data.

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