Innovative Currency Exchange Platform: Accessible and Secure
The Client
Our client operates a dynamic, emerging multi-dealer trading platform designed to facilitate cost-efficient exchange of financial assets for market participants. They offer a range of trading options, enhancing profitability for users across various trading workflows. The company provides options for foreign exchange spot and derivatives trading.
The Problem
The lack of FIX Protocol automation necessitates the development and debugging of an automated system. The main objective was to enable trading through a user-friendly UI system while generating revenue by increasing earnings through commission rates. By addressing these issues, the client aimed to streamline the trading process, enhance user experience, and maximize profitability through efficient commission management.
The Process
Langate demonstrated remarkable success in updating the admin console and developing an innovative GUI for the trading platform. The project required expertise in both technical aspects and a deep understanding of the financial domain.
- With an agile development methodology, we swiftly iterated through design and implementation, ensuring seamless integration with the backend systems.
- Regular feedback sessions, workshops, and user testing allowed us to align the GUI with the traders’ needs, ensuring an intuitive interface for executing trades and analyzing market data.
- The fruitful work of the client-side team and Langate was built on mutual trust and a shared vision for the project’s success.
- Open lines of communication and active involvement of stakeholders on both sides fostered a strong partnership.
Achievements and Future Plans
- The company processed $1.49 Billion in average daily FX NDF (Non-Deliverable Forwards) trading volume for its global institutional customers over the month and reached a historical record FX NDF trading volume of $1.89 Billion in February 2023.
- As they became leaders in Crypto Spot, Crypto NDF and FX NDF currencies, they are planning to thrive in FX Swap trading.
- Transferred data on several servers, one in NYC and another in London. That makes the platform faster and more secure.
- Our team continues to work on the project, and new technological solutions. Increasing in the number of users and the quality of service are ahead.
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