Introduction
Our client, a prominent commodity trading company, sought to enhance client services by integrating with brokers and exchanges to offer competitive pricing solutions.
Analyzing the Problem
The client faced the challenge of providing optimal pricing solutions to their clients due to limited integration with brokers and exchanges.
Initial Challenges
- Lack of mechanisms for discovering real-time market prices.
- Inefficient order management processes.
- Limited integration with credit wallet and margin systems.
- Manual tracking of order lifecycles leads to delays and errors.
Our Solution
We devised a solution that included:
- Development of a comprehensive mechanism for users to discover market prices, place orders, and manage contracts efficiently.
- Integration with credit wallet and margin systems to facilitate seamless payments.
- Implementation of a blotter for monitoring trade statuses and managing order lifecycles effectively.
- Utilization of technologies such as Angular for the front end, WebSocket for real-time pricing, and Spring Boot for server integration.
- Hosting the entire solution on AWS for scalability and reliability.
Key Results Achieved
The implemented solution delivered:
- Enhanced user experience with the flexibility to choose exchanges for price discovery.
- Streamlined order lifecycle management, leading to improved operational efficiency.
- Real-time access to market prices via WebSocket.
- Efficient inventory and order status management using Redis cache and Oracle.
Conclusion
Through seamless integration and innovative solutions, we enabled our clients to provide competitive pricing and streamline trading operations. This success highlights the significance of technological advancements in enhancing service delivery in the commodity trading industry.
