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

  • project-icon

    Partner: Singapore Stock Exchange

  • tech-icon

    Technologies Used: Scala, Akka, Java, Kafka, Kubernetes, Elasticsearch

  • domain

    Domain: Financial Services

CHALLENGES:

  1. Enhance FIX Engine capability from a single Broker to a Multi broker order.

  2. Monolith Trading platform difficult to manage & develop.

  3. Trades being sent to individual clearinghouses using multiple connections resulting in a higher cost.

  4. System up-gradation to handle Fix messages from handling CSV files for the end clients.

SOLUTIONS:

  1. Enhancement of the FIX engine by adding the support to parse FIX messages with multiple broker nominations.

  2. Re-architect the entire system as a set of services that interact using a messaging system using Akka, Scala & Kafka.

  3. 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.

  4. Build the FIX Adapter between the client’s system and our partner’s system

RESULTS:

  1. Significant saving of time by avoiding entering of same order multiple times.

  2. Redesigned system with improved CI/CD pipeline to automate Processes.

  3. Significant cost saving with the Business Feature.

  4. Phasing out of the Legacy system and streamline the process.

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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.

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