Langate has improved the performance and security of a platform that gives access to trade currencies with an extra flexible system.
Our team has implemented the FIX (Financial Information eXchange) Protocol to make the currency exchange fast, accurate, and secure according to high-competitive industry standards.
To bridge the liquidity gap in NDFs (Non-Deliverable Forwards) and facilitate onboarding, 24 Exchange required a skilled team of experts to develop and debug an automated system using the FIX Protocol. We created a user-friendly UI system to streamline trading, enhance user experience, and increase profitability through efficient commission management.
To create a platform that effectively bridges the bifurcated pool of liquidity in NDFs (Non-Deliverable Forwards) through a unique workflow, and eliminates barriers to onboarding, a skilled team of Developers and QA Engineers is essential.
Langate ensured regular updates, introducing new features and bug fixes to maintain a seamless and efficient currency trading experience. FIX Protocol enables the exchange of real-time information, order instructions, and trade-related messages in a consistent and standardized format, ensuring efficient and reliable communication.
Our client operates a dynamic, emerging multi-dealer trading platform designed to facilitate cost-efficient exchange of financial assets for market participants. They offer a range of trading options, enhancing profitability for users across various trading workflows. The company provides options for foreign exchange spot and derivatives trading.
The lack of FIX Protocol automation necessitates the development and debugging of an automated system. The main objective was to enable trading through a user-friendly UI system while generating revenue by increasing earnings through commission rates. By addressing these issues, the client aimed to streamline the trading process, enhance user experience, and maximize profitability through efficient commission management.
Crafting intricate trading scenarios to mirror real-time trading, tackling technical glitches stemming from multiple systems and interface gateways, regulatory compliance, and constantly managing multiple APIs. Align testing according to FIX protocol.
One of the primary challenges lies in the involvement of multiple systems that interact with each other through a diverse range of languages, gateways, and protocols. This complexity gives rise to a dynamic trading environment, demanding test cases and scenarios capable of capturing its intricate nature. In particular, the Financial Information eXchange (FIX) protocol, a widely used messaging standard in the financial industry, plays a crucial role in enabling communication between different systems and needs to be seamlessly integrated into the testing process.
Our client requires the capability to adapt swiftly and accurately. Through weekly releases and diligent bug fixing, we ensure a well-designed infrastructure with reliable support, empowering our client to respond effectively to market challenges. Getting onboard, wiring funds, pausing accounts can all be handled digitally, thanks to automation framework.
Langate demonstrated remarkable success in updating the admin console and developing an innovative GUI for the trading platform. The project required expertise in both technical aspects and a deep understanding of the financial domain.
Here is the operational team that can configure the client's system, how broker works, what are the limits, settings according to the FIX protocol, availability of currencies. All user settings are now done through the admin console.
The GUI (Graphical User Interface) system is designed to present complex trading data and functionalities in a visually appealing and user-friendly manner. It allows traders to interact with the platform, access real-time market data, monitor their portfolios, analyze charts, and execute orders with ease.
Manual testing, automation of FIX protocol, framework development. Automated testing began from nothing, and our team took about 450 tests. Automation of specific cases from the production side. Extension of the framework to GUI automation.