Expansion and maintenance for Limpid Markets
LimpidMarkets is a high-profile FinTech platform for interbank precious metals markets.
- Duration 2018 – ongoing
- Team 7 members
- Type Precious metals exchange platform
- Industry FinTech
- Platforms Web
Project idea
The platform enables direct communications between financial institutions. It helps them exchange information needed to close deals on swaps of precious metals, decreasing operation time and costs.
Target audience
Being an ex-trader with year-long experience, the client-focused an online marketplace for London and Zurich OTC interbank markets. Customer list includes high-profile financial institutions, members of LBMA such as Morgan Stanley, BNP Paribas, Citibank, Deutsche Bank, and many others.
CHALLENGES
-
Complex technology stack. Client’s complex system has been built with extra capacity to provide much-needed fault tolerance and exceptional security level. The team must ensure rapid system performance under high load.Complex technical requirements. We were asked to produce software as perfectly as possible. It is critical to ensure that technical issues do not affect trade operations.
-
Strict security requirements. Software complies with specific industry regulations, including banking protocols and standards, requirements to resilience, speed of operation, and accessibility.Updating dependencies. Updates become challenging because of multiple dependencies between its parts while the team must update client’s solution without creating bugs or flaws.
Planning
Input
The client:
- Had a fully functional, stably running system.
- Required a smooth transfer of the project because the original development company had switched from development to consultancy.
- Provided a trial task.
Analysis
Our team:
- Dived deeply into project details.
- Focused on accurate, comprehensive analysis.
- Prepared a pilot task.
- Provided timely feedback on risks and timeline.
Result
Our work resulted in:
- Regular statuses on project progress.
- High-quality technical solution.
- Fulfilled to client’s request for strong technical project management.
Business benefits
Transparency
All participants enjoy the same treatment, the system dispatches information fairly and transparently.
Faster operations
Streamlined, direct communication makes it possible to close deals faster.
Cost-effectiveness
Platform participants save on brokerage commissions.
Performance
Software is available 24/7/365 for participants from all over the world. Real-time data synchronization works seamlessly across all timezones.
Main project
features
Price discovery
Platform participants can see indicative prices in real-time. The platform is available 24/7/365 in all time zones.
Customized order visibility
This feature was launched shortly after the team took over the project. It required careful integration.
Still, our experts managed to deliver functionality within a super tight deadline.
The result was increased user activity on the platform.
Integration for a third-party bank API
The team provides integration for banking institutions automating synchronization of orders between the
platform and in the market. The board remains up-to-date automatically.
Thereby, IT Craft specialists take into account all specific banking protocols and industry standards. It maintains high requirements for security, system performance, and accessibility.
Project timeline
-
Timeline
2018 – ongoing
Results
IT Craft team ensures the platform is available 24/7 and its end users benefit from real-time operations. Also, development team has helped the client introduce sought-after features resulting in client’s business growth of 40%.
Technologies
Front End
-
AngularJS
-
TypeScript
-
React.JS
-
Redux
-
CSS3
Back-End
-
PHP 7.4
-
Symfony 3.4
-
MySQL 5.7
-
RabbitMQ
-
Redis
-
Node.js
-
Express
-
TypeScript
Proxy Layer
-
Elixir
-
Phoenix
Automation Testing
-
TDD/BDD with Behat
-
PHPSpec
-
Cucumber
-
Jest
-
Mocha
-
Chai
-
Selenium
Infrastructure
-
Docker
-
Amazon Web Services
-
Jenkins
-
Groovy
-
Ansible
-
Terraform