Case Studies

Knoldus helps a leading APAC stock exchange to transforms their process and improves efficiency

CHALLENGES:

Enhance FIX Engine capability from a single Broker to a Multi broker order.
Monolith Trading platform difficult to manage & develop.
Trades being sent to individual clearinghouses using multiple connections resulting in a higher cost.
System up-gradation to handle Fix messages from handling CSV files for the end clients.

Solutions:

Enhancement of the FIX engine by adding the support to parse FIX messages with multiple broker nominations.
Re-architect the entire system as a set of services that interact using a messaging system using Akka, Scala & Kafka.
Through FIX Protocol knowledge, Send and receive the Trade Capture Report (FIX AE) messages to the central counterparty’s system & correct reflection on the trading system for our users.
Build the FIX Adapter between the client’s system and our partner’s system

Results:

Significant saving of time by avoiding entering of same order multiple times.
Redesigned system with improved CI/CD pipeline to automate Processes.
Significant cost saving with the Business Feature.
Phasing out of the Legacy system and streamline the process.

Download the detailed version of the case study:

Get In Touch:

Looking for similar or other solutions for the healthcare industry? Get in touch or send us an email at hello@knoldus.com. We are proven, experienced Certified Lightbend Partner, available for partnering to make your product a reality.