Global Financial Trading Platform Revolutionizing Institutional Trading

Solution

Business analysis:

Stakeholders and possible end users of the customer were interviewed in-depth by our team of business analysts and financial domain experts. To develop a thorough set of functional and non-functional criteria, we examined current trading procedures, legal requirements, and performance benchmarks.

Software development approach and testing:

Our microservices design was chosen to guarantee maintainability and scalability. Two-week sprints of the Agile technique were used in the development process. Continuous integration and deployment (CI/CD) is supported by a strong DevOps pipeline that we put in place.

Key features implemented:

• Authorisation and Authentication of Users

  • Role-Based Access Control was put into practice (RBAC)

  • Multi-Factor Authentication Integrated (MFA)

• Exchange Platform

  • Created the Request for Quote (RFQ) and Central Order Book (COB) protocols.

  • Put into practice order matching and execution in real time.

• Management of Market Data

  • Developed a currency manager to view FX rates in real time.

  • Integrated market inputs with outside data providers

• Hazard Assessment

  • Created risk profile managers for traders and institutions.

  • Put in place real-time risk assessments and notifications

• Settlement and After-Trade Operations

  • Integrated holiday calendars for precise handling of settlement dates

  • Post-trade processes and reconciliation that are automated

• Interface User

  • Developed blotter views that are customisable for data export and transaction tracking.

  • Added a theme manager to enable white-labeling.

• Analytics

  • Created a calculator for yield analysis scenario (YAS).

  • Constructed performance dashboards in real time.

Implementation of DevOps

• Code for Infrastructure (IaC)

  • Managed and provisioned AWS resources using Terraform

  • Put AWS Elastic Kubernetes Service (EKS) into practice for container orchestration

• Constant Deployment and Integration

  • Configure Jenkins to perform automated tests and builds.

  • Simplified deployments using Amazon CodePipeline

• Observation and Recordkeeping

  • For centralised logging, the ELK stack (Elasticsearch, Logstash, Kibana) was implemented.

  • Real-time monitoring and alerting using Prometheus and Grafana

• Security

  • For improved security, AWS WAF (Web Application Firewall) was implemented.

  • For encryption key management, Amazon Web Services (KMS) was used.

• Disaster Recovery and High Availability

  • Developed a multi-region deployment strategy for disaster recovery and failover.

  • Auto-scaling groups were put in place to handle traffic spikes.

Support

We set up a round-the-clock support staff with three escalation levels. The group created a knowledge base and managed incidents using ServiceNow. To continuously develop the platform, user feedback sessions and performance reviews were held on a regular basis.