endorsedOngoing

Trading Platform Enhancements for Forex Brokerage

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

75 months

Budget

200K - 999K

Start Date

1 May 2020

Team Size

Confidential

Engagement Model

Onshore

Project Capability Score (PCS)

70/100

Good

Project Capability Score (PCS) estimates how capable CrustLab is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

TMS Brokers

Warsaw, Poland

Project Summary

CrustLab used Scala and JavaScript to enhance an existing online trading platform for a foreign exchange brokerage, focusing on onboarding and exchange-processing features. They added onboarding flows to capture banking information, enabled account creation on behalf of companies, and implemented currency-conversion and international transfer capabilities. The vendor acted as an extension of the client's IT team, used agile practices with Jira for backlog and sprint management, and began work in May 2020; the engagement is ongoing.

Key Challenges

Make enhancements to an existing trading platform.
Improve onboarding and exchange-processing features (onboarding flows, settlement banking, currency conversion and transfers).

Project Deliverables

Onboarding process enhancements
Trading process enhancements
Feature to extend delivery dates
Account creation and banking-information capture for settlement
Currency conversion and international transfer functionality

Project Solution

CrustLab implemented enhancements to an existing online trading platform using Scala and JavaScript. Their work focused on onboarding and trading-process features, including adding a delivery-date extension feature, onboarding screens to collect banking and settlement information, account creation on behalf of companies, and capabilities for currency conversion and international transfers.

Project Outcome

The solution became crucial for the client's department and functioned like an internal IT team.
The vendor provided strong deployment support, including working nights for critical feature rollouts.
Agile delivery with Jira and multiple communication channels (Skype, Slack, phone) resulted in effective collaboration.
The client praised the team's professionalism, speed, and ability to learn domain-specific financial-market requirements.

Platforms

Tech Stack

Scala
JavaScript

Client Endorsement

Overall Review Rating

4.75

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“The team provided professional services that added value to the core functions of the business. They prioritized deadlines and urgent requests for changes, willing to work into the night to accomplish critical tasks. Customers can expect a dedicated partner that picks up on processes quickly.”
Tomasz Stosio
Director of Payment & Currency Exchange Dep.
Date: 10/12/2020