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EndorsedendorsedOngoing

Market Data Management System Engineering

Services Covered:

Custom Software Development
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Industry
Industry

Financial Services

Duration
Durationinfo-circle

11 months

Budget
Budget

Confidential

Start Date
Start Date

1 July 2017

Team Size
Team Size

Confidential

Engagement Model
Engagement Model

Nearshore

Project Capability Score (PCS)

gauge meter
78/100
Good

Project Capability Score (PCS) estimates how capable STX Next 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

mapLondon, United Kingdom

Project Summary

STX Next built a MongoDB-backed data entry system with a calculation engine and data scraper, feeding metrics to the frontend via ElasticSearch and a REST API. The vendor delivered multiple complex components and integrated them into a cohesive platform. The client praised the team's breadth of skills, professional approach, and regular status updates while noting it is still early to fully assess long-term reliability.

Key Challenges

  • Building the business and platform from scratch
  • Needing to hire and manage developers to create a data entry system
  • Coordinating work after initially engaging two development houses with different practices
  • Delivering an MVP and then transitioning to a single vendor-managed project

Project Deliverables

  • Architecture for the platform
  • Frontend website (Angular or React)
  • Backend MongoDB databases
  • Form entry with spreadsheet upload capability
  • Calculation engine for financial market math
  • Data scraping engine connecting to external APIs
  • Data service powered by ElasticSearch
  • REST API connecting frontend and backend

Project Solution

STX Next designed and implemented the platform architecture using full‑stack development in Python and Node.js, and built the frontend in Angular or React. They created multiple MongoDB databases and a calculation engine, implemented a form entry with spreadsheet upload, and developed a data scraping engine that connects to external vendor APIs. Data is indexed with ElasticSearch and exposed to the frontend via a REST API.

Project Outcome

  • Completed all requested work
  • Provided a comprehensive set of skills and resources enabling end-to-end development
  • Established regular status updates and strong communication via Jira, Google Hangouts, and Slack
  • Early-stage reliability remains unclear; MongoDB was later determined to be a suboptimal choice

Platforms

  • WebWeb
  • API/Integration PlatformAPI/Integration Platform

Tech Stack

  • PythonPython
  • Node.jsNode.js
  • AngularAngular
  • React.jsReact.js
  • MongoDBMongoDB
  • ElasticsearchElasticsearch
  • RestRest
  • RESTful APIRESTful API

Client Endorsement

Overall Review Rating

4.75star

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“STX Next successfully built and delivered several complex products using sophisticated technology tools. They seamlessly integrated each component into a cutting-edge platform. The efficient, professional team features specialists for each stage of the project to deliver end-to-end solutions.”

Anonymous

Managing Director

Note: This endorsement is based on publicly available client feedback from external review sources.

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