endorsedOngoing

Cloud-hosted Cryptocurrency Trading System

Services Covered:

Custom Software Development

Industry

Information Technology

Duration

94 months

Budget

200K - 999K

Start Date

1 October 2018

Team Size

11-15 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

73/100

Good

Project Capability Score (PCS) estimates how capable Ionixx Technologies 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

Confidential

New York City, United States of America

Project Summary

Ionixx Technologies built a cloud-hosted cryptocurrency trading system from scratch, delivering a Java-based, microservices architecture with a web front end, REST and FIX APIs. The team completed a high-performance, stable product in an accelerated timeline (under six months) and demonstrated strong commitment and technical skill while learning new frameworks.

Key Challenges

Build a complete trading system with multi-market connections, market data aggregation, order routing, algorithmic order types, order management, and risk management
Deliver the system from scratch in under six months
Achieve high scalability, low latency, and high availability leveraging Kubernetes

Project Deliverables

Core Java microservices-based trading system
Web-based front end
REST API and FIX API
Multi-market data aggregation and order routing services
Order management and risk management systems
Deployment via Kubernetes for cloud hosting and local installations

Project Solution

The vendor implemented a core-Java microservices architecture (29 microservices) aggregating data from multiple crypto markets with a web front end, REST API, and FIX API. The team used open-source frameworks including Kafka, MySQL, Redis and deployed the system on Kubernetes for high availability and scalability, supporting both cloud-hosted and local installations while following agile practices and daily coordination with the client.

Project Outcome

Delivered a high-performance, stable trading system with outstanding functionality in six months
Achieved greater functionality than better-funded competitors, impressing customers, investors, and competitors
System in production beta with dev team providing ongoing production support

Platforms

Tech Stack

Java
React.js
Apache Kafka
MySQL
Redis
Amazon Web Services (AWS)

Client Endorsement

Overall Review Rating

4.88

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“The final product is fully-functional and stable. Ionixx Technologies demonstrated a complete commitment to the project, working through nights to adhere to an accelerated timeline. The team exhibited professionalism and technical skill, learning unfamiliar frameworks during the project.”
Steven Brucato
CTO & Co-founder
Date: 07/25/2019