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Amazon Athena Federated Query is a feature that allows you to query data from multiple sources using standard SQL. You can use Athena Federated Query to join data from Amazon DynamoDB, Amazon RDS, Amazon Redshift, and Amazon S3, as well as other data sources such as MongoDB, Apache HBase, and Apache Kafka1. Athena Federated Query is a serverless and interactive service, meaning you do not need to provision or manage any infrastructure, and you only pay for the amount of data scanned by your queries. Athena Federated Query is the most cost-effective solution for performing a one-time analysis job on data from multiple sources, as it eliminates the need to copy or move data, and allows you to query data directly from the source.

The other options are not as cost-effective as Athena Federated Query, as they involve additional steps or costs. Option A requires you to provision and pay for an Amazon EMR cluster, which can be expensive and time-consuming for a one-time job. Option B requires you to copy or move data from DynamoDB, RDS, and Redshift to S3, which can incur additional costs for data transfer and storage, and also introduce latency and complexity. Option D requires you to have an existing Redshift cluster, which can be costly and may not be necessary for a one-time job. Option D also does not support querying data from RDS directly, so you would need to use Redshift Federated Query to access RDS data, which adds another layer of complexity2. References:

Amazon Athena Federated Query

Redshift Spectrum vs Federated Query

 The Amazon Redshift Data API is a built-in feature that allows you to run SQL queries on Amazon Redshift data with web services-based applications, such as AWS Lambda, Amazon SageMaker notebooks, and AWS Cloud9. The Data API does not require a persistent connection to your database, and it provides a secure HTTP endpoint and integration with AWS SDKs. You can use the endpoint to run SQL statements without managing connections. The Data API also supports both Amazon Redshift provisioned clusters and Redshift Serverless workgroups. The Data API is the best solution for running real-time queries on the financial data from within the trading application, as it has the least operational overhead compared to the other options.

Option A is not the best solution, as establishing WebSocket connections to Amazon Redshift would require more configuration and maintenance than using the Data API. WebSocket connections are also not supported by Amazon Redshift clusters or serverless workgroups.

Option C is not the best solution, as setting up JDBC connections to Amazon Redshift would also require more configuration and maintenance than using the Data API. JDBC connections are also not supported by Redshift Serverless workgroups.

Option D is not the best solution, as storing frequently accessed data in Amazon S3 and using Amazon S3 Select to run the queries would introduce additional latency and complexity than using the Data API. Amazon S3 Select is also not optimized for real-time queries, as it scans the entire object before returning the results. References:

Using the Amazon Redshift Data API

Calling the Data API

Amazon Redshift Data API Reference

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The company's Apache Spark ETL job on Amazon EMR uses high CPU but low memory, meaning that compute-optimized EC2 instances would be the most cost-effective choice. These instances are designed for high-performance compute applications, where CPU usage is high, but memory needs are minimal, which is exactly the case here.

Compute Optimized Instances:

Compute-optimized instances, such as the C5 series, provide a higher ratio of CPU to memory, which is more suitable for jobs with high CPU usage and relatively low memory consumption.

Switching from general-purpose EC2 instances to compute-optimized instances can reduce costs while improving performance, as these instances are optimized for workloads like Spark jobs that perform a lot of computation.

The performance issue in Amazon Redshift Spectrum queries arises due to the nature of CSV files, which are row-based storage formats. Spectrum is more optimized for columnar formats, which significantly improve performance by reducing the amount of data scanned. Also, partitioning data based on relevant columns like order date can further reduce the amount of data scanned, as queries can focus only on the necessary partitions.

A. Configure the third-party application to create the files in a columnar format:

Columnar formats (like Parquet or ORC) store data in a way that is optimized for analytical queries because they allow queries to scan only the columns required, rather than scanning all columns in a row-based format like CSV.

Amazon Redshift Spectrum works much more efficiently with columnar formats, reducing the amount of data that needs to be scanned, which improves query performance.