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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.

Plugsurfing app

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.

Plugsurfing app

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.

Plugsurfing app

Do you want a reliable team?

Contact us. We handle requirements of any complexity.

Learn more

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 logo

    AngularJS

  • TypeScript logo

    TypeScript

  • React logo

    React.JS

  • Redux logo

    Redux

  • CSS3 logo

    CSS3

Back-end

  • PHP logo

    PHP 7.4

  • Symfony logo

    Symfony 3.4

  • MySQL logo

    MySQL 5.7

  • RabbitMQ logo

    RabbitMQ

  • Redis logo

    Redis

  • Node.js logo

    Node.js

  • Express logo

    Express

  • TypeScript logo

    TypeScript

Proxy layer

  • Elixir logo

    Elixir

  • Phoenix logo

    Phoenix

Automation testing

  • TDD/BDD with Behat logo

    TDD/BDD with Behat

  • PHPSpec logo

    PHPSpec

  • Cucumber logo

    Cucumber

  • Jest logo

    Jest

  • Mocha logo

    Mocha

  • Chai logo

    Chai

  • Selenium logo

    Selenium

Infrastructure

  • Docker logo

    Docker

  • Amazon Web Services logo

    Amazon Web Services

  • Jenkins logo

    Jenkins

  • Groovy logo

    Groovy

  • Ansible logo

    Ansible

  • Terraform logo

    Terraform

our clients say

USA

Cedric Bernadac, Founder

“Their professionalism and availability are impressive. They always try to find solutions for any problem that comes up, whether it’s an additional workload or having to come up with a creative fix to a technical or organizational issue.”