endorsedCompleted

Risk Exchange Trading Platform (RXTP) Development

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

36 months

Budget

50K - 199K

Start Date

1 January 2012

Team Size

6-10 Employees

Engagement Model

Onshore

Project Capability Score (PCS)

77/100

Good

Project Capability Score (PCS) estimates how capable INSART 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

Ortess

New York City, United States of America

Project Summary

INSART developed a cloud-based risk exchange trading platform (RXTP) for the U.S. financial market, enabling full-cycle over-the-counter trading across multiple asset classes. The vendor delivered dashboards and notification services and implemented an R-based order-matching algorithm that improved processing and optimization. The platform was launched on time and was well adopted by the market; INSART provided clear communication and ongoing support.

Key Challenges

Create a cloud-based trading platform for the U.S. financial market.
Design and implement the platform from scratch.
Develop an algorithm for optimal order matching.
Integrate the platform as an execution service within a market-leading provider's platform.

Project Deliverables

User dashboards
Derivative dashboard
Trades dashboard
Notification services
Order-matching algorithm implemented in R
R scripts for data transfer

Project Solution

INSART conducted design and implementation of a cloud-based trading platform, developing user, derivatives, and trades dashboards plus notification services. They designed and implemented an order-matching algorithm (implemented in R) that solved the matching problem within minutes and included multiple strategies to optimize processing. R-scripts were used for data transfer and the system was integrated as an execution service within a market-leading technology provider's platform. A dedicated team (PM, BA, 3 Java engineers, data scientist, QA) carried out the work.

Project Outcome

Platform was successfully launched and well adopted by the market.
Project management was simple, clear, and effective.
Team demonstrated technical excellence and strong communication, enabling long-term collaboration.

Platforms

Cloud

Tech Stack

R
Java

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“The platform was completed on time and well adopted by the market. INSART effectively manages projects through clear and consistent communication. The team is dedicated, hard-working, and talented.”
Boris Litvin
CEO
Date: 11/03/2019