Cryptocurrency Trading Platform with Leverage for PrimeXBT

About the Customer

PrimeXBT is a Bitcoin-based platform with over $600mln daily trading volume. It was founded in 2018, and since day one, the company has been growing exponentially and currently serves clients in more than 150 countries. PrimeXBT offers leveraged trading for the major cryptocurrencies, which include Bitcoin, Litecoin, Ethereum, and Ripple.

[case_study_company_logo]

Business Challenge

As of October 2018, there was a limited offer of cryptocurrency platforms with leveraged trading. PrimeXBT set out to satisfy this unmet demand.
The challenge was to be one of the first to launch such a platform, with a tough launch date set for only three months.

The client needed a software vendor who already had some developments to speed up the process, or could offer them an existing solution at a reasonable price. Another demand was to find the software development team ready to collaborate with the in-house developers to embed the platform into the existing infrastructure, as PrimeXBT by that time had already been working on the design of the rest system, that included client portal, payment integration, CRM, etc.

No other vendor, except Devexperts, was ready to address this challenge under the client’s terms within this time frame and the allocated project budget.
As the window of opportunity was closing rapidly, PrimeXBT selected Devexperts for their existing customizable solution, DXtrade Enterprise that could be slightly customized for PrimeXBT’s needs and be rolled out in three months.

Solution

As time played the critical role, Devexperts took their flagship solution for brokers, DXtrade Enterprise, and started to modify it according to the client’s requirements.

DXtrade Enterprise is a modular trading platform that includes a vast array of brokerage business functions (OMS/EMS, risk management, pricing, on-boarding, trading analytics, and compliance). The solution consists of the order management system, the dealing terminal, web, and iOS/Android trading terminals – all white-labeled and customized for crypto trading to the client’s specifications.

Devexperts made the PrimeXBT platform to be multi-asset and not limited to crypto. Apart from cryptocurrencies margin trading, the users can trade FX, CFDs on commodities and indices, all from a single Bitcoin-funded account.

For the front-end terminal, the client wanted to make the platform simplified yet savvy. This kind of positioning would make Prime XBT’s platform a great option for beginners to start leveraged trading in cryptocurrencies. PrimeXBT declutters the user interface as much as possible and makes it easier for traders to concentrate.

The platform received all necessary widgets: a chart with lots of technical indicators and line studies, watchlist, dashboard, positions and order history widgets. Apart from the usual order types such as market, limit, stop, the platform offers advanced OCO Orders.
The layout is enhanced with the linking function: to improve response times, the chart and watchlist widgets can be linked, so when the user switches an instrument in the watchlist, the chart instantly updates. To boost trading volumes, traders are able to trade directly from the watchlist, dashboard, and chart.

When the user accesses the trading terminal for the first time, he sees it in Guest mode. It is accessed under a paper money account with a “fake” balance and positions and gives a proper look and feel of the platform. It was done to improve conversion.

Devexperts made several more tweaks:

  • Implemented a number of custom reports for PrimeXBT related to account metrics.
  • Changed the speedbump logic to finetune the execution policies on a per order type basis.
  • Added a credit line functionality. The credit funds are separated from the balance to make it clear for the traders.

Results

PrimeXBT received the full-fledged trading platform for margin trading of Cryptocurrencies, Stock indexes, Commodities, and Forex.

The client terminals are white labeled to coincide with the client’s brand identity. The system is flexible and scalable and ready for the influx of new users and trading volumes.

Global Securities Introduces a New Trading Solution to Outclass Competitors

About the Client

Global Securities is a registered brokerage house in Türkiye. It was established in 1990 and introduced to the public in Borsa Istanbul in 1995. Global Securities has provided 5 billion dollars to the Turkish Capital Market, being involved in stocks and futures trading (exchange-traded instruments only), margin (credit) trading, wealth management, advisory, and corporate finance/brokerage.

In 2010, Global Securities was named “The non-bank intermediary institution with the biggest trading volume since the foundation of Borsa Istanbul”.

[case_study_company_logo]

Business Challenge

The Turkish capital market has substantial competition among brokers. However, most of them used to work with legacy software, providing poor trading experience. Most brokers used the same white-labeled platforms, which lacked decent latency, modern UI, scalability, and features tailored to the Turkish market.

The development of a custom proprietary trading platform was a long overdue issue for Global Securities. The platform they used at the time did not conform to traders’ demands. Users of their BayGlobal mobile application unfavorably evaluated it on the App Store (with just 1,5 stars).

On top of that, one of the Global Securities’ competitors released a modern trading platform, which led to customer attrition and loss of revenues.

In order to prevent all losses, Global Securities decided to launch a new trading solution BayGlobal available for desktop and mobile devices. The client required the development of a new trading frontend and its following integration with an existing backend. The web and mobile trading platforms were also supposed to be ready for functioning under huge overloads generated by a significant inflow of users.

Solution

Global Securities chose Devexperts for their experience in the development of trading software, which boasts its custom features, scalability, and proprietary mobile technology. Devexperts also have a ready-to-use multi-asset trading platform dxTUR based on DXtrade Enterprise, which has been tailored for the Turkish market and particularly for trading on the Borsa Istanbul Exchange. Over the years, dxTUR had proved its safety, scalability, stability, and quick operation. Its modular structure allows for flexible customization, rapid implementation, and easy addition of new asset classes and widgets. dxTUR modularity facilitated customization according to the client’s needs and national regulations.

Devexperts developed a new frontend and connected it to the existing backend, which already contained Global Securities business processes. BayGlobal brings the simplified trading tools to trade equities and futures listed on the Borsa Istanbul Exchange. It includes more convenient management of traders’ accounts, with money transfers and instant deposits. Due to the broad customization capabilities of BayGlobal, every trader can now set up their own trading interface layout based on their trading habits. The client’s demand for understanding customers’ preferences was addressed through the application’s capability to monitor the market and intelligently send out notifications to traders with follow-up trading ideas, and a link for placing an order.

The BayGlobal trading platform is scalable for hosting a required number of end-users simultaneously and optimization of resources consumption (i.e. numbers of servers used). Their numbers can go as high as several million concurrent users through web and mobile (iOS and Android) devices.

The BayGlobal mobile application is notable for its market data processing technology. It is optimized to provide high performance and promote stability during low bandwidth mobile/wifi data exchange. The technology supports switching between mobile network spots without delays in market data delivery for charts and watchlists. Devexperts’ proprietary binary protocol for market data delivery involves data-wise processing and value compression that significantly speeds up data handling compared to standard methods of quotes delivery, providing fast load and frequent UI updates.

The BayGlobal development team has responded well to what our customers want. We see BayGlobal as a digital assistant to fulfill brokerage tasks in a simpler, faster and more responsive way. BayGlobal was created according to the demands of our clients, from an end-user perspective. It is a privilege to add our new generation mobile trading platform on top of our product portfolio and present this technical advancement to every brokerage client in Türkiye.

Gulseyma Dogancay, CEO of Global Securities

Results

Devexperts developed the BayGlobal financial application for web and mobile platforms for trading equities and futures listed on the Borsa Istanbul Exchange.

The mobile trading application caters to the following client’s demands:

  • Outclassing the competitors with the help of proprietary data processing technology
  • The possibility to host a significant number of end-users simultaneously on all possible platforms and devices and adapt to the number of active users for effective resources consumption

BayGlobal provides the following benefits to traders:

  • Easy account management, including money transfers and instant deposits
  • Low latency market data delivery from dxFeed market data provider
  • User-friendly interface for trading equities and futures on the Turkish market

Custom Trading Platform as a Method to Escape Vendor Lock-In

About the customer

The Customer is a public company and global leader among OTC brokers, offering web-based and mobile trading, and specializing in Forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The Customer’s brokerage is regulated by the Cyprus Securities and Exchange Commission and the Financial Stability Board. It provides leverage up to 1:300.

Business challenge

The Customer used an off-the-shelf trading solution for the brokerage, causing a vendor lock-in. They required a custom trading solution to meet their demands in terms of onboarding and implementation of the Customer’s proprietary widgets. These means were aimed at boosting the Customer’s revenue. They also required a subsequent transfer of a trading platform source code in order to avoid vendor lock-in and to increase capitalization.

Solution

The Customer chose Devexperts due to their ability to develop a custom trading solution with seamless client onboarding and introduce the Customer’s proprietary widgets. Devexperts also agreed to adjust the Customer’s sales funnel to the new solution and transfer the trading platform source code after its successful launch into production.

The first stage was the implementation of the trading platform frontend and order management system with the sales funnel connection. It was aimed at the seamless onboarding of new clients when users followed the ad link and landed directly on the profile registration page integrated into the trading platform. The reworked onboarding process provided a significant increase in the Customer’s revenue. The basis for this solution was DXtrade Enterprise, a Devexperts product. DXtrade Enterprise is a trading platform with a vast array of brokerage business functions. It supports a multitude of asset classes, such as FX, CFD, SB, stocks, commodities, futures, options, funds, and cryptocurrencies. It also has a modular structure with a variety of components and trading widgets, such as charts, risk management, pricing, trading analytics, compliance, and wealth management applications. They ensure the availability of the entire spectrum of platform functions ready to be integrated into the Customer’s existing infrastructure and licensed to them.

The second development stage centered around fine-tuning the trading platform and implementation of the Customer’s widgets. After this, all of the Customer’s demands were met, and the trading platform was launched into production.

The third stage amounted to licensing the source code to the Customer and making sure they were ready to maintain the solution on their own. After the source code was sold, Devexperts started a knowledge transfer process that took almost a year. It involved the creation of a knowledge base and training of the Customer’s development team. This team was freshly hired for the express purpose of the in-house development and maintenance of the proprietary solution. The ownership of the trading platform source code also provided the Customer with capitalization growth.

Results

Devexperts delivered the fully custom trading platform, fulfilling the Customer’s demands in:

  • Particular features, including seamless onboarding with built-in trader profiles and multiple proprietary widgets
  • Licensing of the source code and knowledge transfer to the Customer’s in-house development team
 

The new solution facilitated the Customer in the achievement of their internal goals of:

  • Revenue plan fulfillment
  • Capitalization growth

Margin Trading Functionality for a Popular Crypto Exchange

About the client

CEX.IO is a multi-functional crypto exchange that was established in 2013. It was originally known as the first cloud mining provider and has since evolved to offer cross-platform trading services via website, mobile app, WebSocket, and REST API. With over a million users, CEX.IO has gained a reputation for being a trusted exchange with a high liquidity order-book for top currency pairs on the market.

One of the unique features of CEX.IO is the availability of instant Bitcoin buying and selling via a simplified bundle interface. Additionally, the exchange has developed a multi-level account system that caters to the needs of individual customers, from beginners to institutional traders.

CEX.IO has a global presence and offers multiple payment options to users. The exchange is also known for providing 24/7 support to its customers. The platform has a time-proven stability, ensuring the safety of assets and data for its users.

[case_study_company_logo]

Business challenge

Having already established a cryptocurrency exchange, CEX.IO went on to introduce margin cryptocurrency trading. The solution CEX.IO was targeting had to be a complex product combining back-end components, an admin interface, and trading terminals to be run in web browsers and on mobile devices of all sorts. As they already gained recognition as a trusted crypto exchange with stable volatility, they wanted to keep the leadership in the FinTech competition and exploit the revenue from cryptocurrency trading. They wanted to add margin trading and be among the firsts to provide end-users with crypto trading functionality. Creating such a product from scratch would have required a lot of resources so CEX.IO’s decision was to reach out to Devexperts, the veterans of conventional trading software.

Solution

After CEX.IO approached Devexperts and explained their needs, the viable option was to customize DXtrade Enterprise, a flagship platform of Devexperts, so that it complies with specifics of crypto trading and the CEX.IO exchange. DXtrade Enterprise is a multi-asset trading solution that can be adapted to a client’s existing infrastructure.

Devexperts backend integrated with CEX.IO’s environment is responsible for order execution, including sending out offset orders, receiving quotes via the FIX gate, and facilitating deposit/withdrawal. User on-boarding and settings management are done via REST API integration.

The dealing interface was based on an existing desktop dealing solution developed by Devexperts. The web-based admin interface includes specific settings management: commission calculation and crypto-specific rollover in every 4 hours.

The end users of the product are provided with trading terminals based on Devexperts DXtrade Enterprise solution. The terminals allow for Web and mobile trading on both Android and iOS. The original solution fit the specifications almost completely, requiring subtle customization in terms of visuals.

We’ve done quite a lot of heavy lifting to blend these two heterogeneous system designs – a crypto exchange and an FX platform. We succeeded in stitching these two distinct worlds together seamlessly despite the challenge to achieve zero  performance degradation while handling all the corner cases. We found further complications related to the crypto specifics, such as fractional order size requirements or the price precision of 12 decimal places. This level of accuracy required changes in many parts of the software, from the back end and databases to the UI. The project’s completion was a fantastic springboard to many other crypto projects for our team.

Eugene, Solution Architect at Devexperts

The entire process of developing the product has taken both companies about 5 months. It is a complex solution, where most of the components were adapted from the DXtrade Enterprise platform and effectively applied to cryptocurrency trading.

Result

CEX.IO received a margin trading crypto exchange platform with the following specifics:

  • currently offers trading of five cryptocurrency-based pairs: BTC/USD, BTC/EUR, ETH/USD, ETH/EUR, and ETH/BTC
  • the basic configuration can support up to 10000 users
  • the solution is scalable and capable of supporting an unlimited number of users in real-time
  • allows for trading with any leverage, the first version of the platform was released with 1:2 and 1:3 leverages

AvaTradeGo: A New Mobile Frontend for MT4

About the Client

AvaTrade, a leading forex and CFD broker, was founded in 2006 and offers top trading platforms, and a new cutting-edge mobile app named AvaTradeGO. Clients enjoy personal account managers and a live customer service in 15 languages. AvaTrade accommodates to traders of all levels, and further ensures secured trading with advanced encryption and fully segregated accounts. AvaTrade is regulated in the EU, Japan, Australia, South Africa, Middle East & BVI.

[case_study_company_logo]

Business Challenge

A trading platform is where an active client spends most of the time, and the trading platform frontend shapes the perception of the broker in the eyes of the trader. Vendors who sell off-the-shelf platforms are not eager to change much in their well-thought-of and time-tested interfaces. Such closed systems undermine brokers’ abilities to differentiate and appeal to clients through the design and other interactive widgets, as well as tracking the user activity and providing them with a corresponding feedback. This, in turn, leaves behind the abilities to reach clients and provide them better trading experience.

AvaTrade has their own vision of an optimal user experience in a mobile application. That includes not only a transparent calculation of account balance while creating orders, but also a built-in account opening process, educational materials, and sharing features. These tools should guide end users through the sales funnel, help them to set up accounts, start trading smoothly, and depositing directly in the application without any distractions.

According to the internal analysis the majority of existing clients use only mobile interface to monitor the market and issue the trades. Realizing the sales potential of a mobile trading platform, AvaTrade undertook the project to deliver a bespoke mobile frontend to the existing off-the-shelf MT4 terminal, to strengthen their competitive position and boost traders’ engagement. As there were not any out-of-the-box solutions on the market to meet AvaTrade’s challenges, the broker approached Devexperts.

Solution

The more mature broker is, the more systems are in place. In consequence, a more complex infrastructure is a factor that influences and defines the architecture of the solution.

Devexperts used its existing solution, the DXmobile platform for iOS and Android, as a starting point for developing a custom frontend to meet AvaTrade’s needs. The independent and proven components of DXmobile, which allowed a faster software release and further tailoring and integration to the AvaTrade business environment (trading platform, client portal and CRM, tools for clients’ activity analysis and metrics collection, push notifications).

Devexperts readjusted business-specific application logic, developed a trading adapter to implement integration with the middleware of other technology providers, and completely redesigned the user interface according to the requirements provided by the client. AvaTrade reconsidered not only standard functions of a trading application (charting, watchlist, order entry, symbol search, trade history), but also introduced a number of new features such as market sentiments and trends, sharing of trades, price alerts, and many more.

Results

The result is a new mobile trading platform (Android and iOS) for the full set of OTC asset classes: Forex, CFDs on Equities, Futures, Indices, and Cryptocurrencies.

  • The trading platform release happened in 3 months since the start on March 1, 2017.
  • The Controllable launch to selected target client groups was put into action on November 1, 2017.
  • At the same time, there were released region-specific versions of the app adopted for China and Japan.
  • The new mobile platform made it easier to attract customers with very little trading experience, while the experienced traders appreciate its usability and 24×7 availability of their trading accounts at hand.

Charting Module for US Brokerage Firm

About the Client

The client is a US brokerage firm, founded in the late 2010s. Its trading platform is designed for active customers interested in trading derivatives with fast and stable data feeds. The platform supports stocks, options, futures, and futures options trading, and is regulated by the US FINRA.

Business Challenge

In the 2010s, the client decided to launch a brokerage to accompany its existing online financial network. It set up the legal entity and then got to work on an options trading platform.

The client’s in-house development team has a solid fintech background. They wanted to concentrate on the core software elements and not to spend much time on existing and well-known modules. They were not looking to reinvent the wheel, as charting is one of such familiar components, and an integral part of a trading terminal.

The client reached out to Devexperts for the Charting module. They were aware of Devexperts expertise in options trading software and the flexibility of their products due to an extensive set of APIs.

Solution

For the client’s options trading platform Devexperts took their existing Charting component, a part of the DXtrade Enterprise multi-asset platform, and white-labeled it with the client’s brand colors and identity. Several custom features were requested by the client, such as support of treasury bond futures pricing and the integration with dxScript. The latter was for partners who program strategies in the dxScript module to run visual demonstrations in the chart. Their partners attract customers and promote client’s services for many experienced traders who can use available scripts.

When we joined the project, the trading platform was already operational for quite some time. Our job was to integrate a Java charting module with support for scripted studies in dxScript. dxScript is a programming language that Devexperts developed for time-series processing. It runs on the client side and allows users to design advanced technical indicators easily. It’s a type-safe language with declarative syntax and fully automatic type inference. The biggest challenge was that the team needed to work with the legacy systems, which increased the complexity of our implementation. In the end, we successfully implemented our charting into the customer’s desktop, mobile, and tablet apps, which made the users happy.

Michael, Technical Lead at Devexperts

Results

The client’s platform received the integral charting component without taking time away from their in-house developers.

Exchange Simulator for US Brokerage

About the Client

The client is a US brokerage firm with a platform designed for the active trader who is primarily interested in trading derivatives. With extremely fast and stable data feeds, the platform supports the trading of stocks, options, futures, and futures options. The client is considered safe as it is regulated by a top-tier regulator, the US FINRA.

Business Challenge

When the business was launched, the client’s trading platform started to gain popularity among self-directed investors. The client wanted to continue riding the wave and decided to enhance the education and onboarding with the simulated trading mode, where its customers would be able to preview trading platform features or test their trading strategies without risking real money or completing full brokerage onboarding paperwork.

As the client wanted to concentrate on its core business functions, it decided to outsource the development of the components required for simulated trading mode.

The client selected Devexperts due to its expertise in options trading software and the flexibility of its products ensured by an extensive set of APIs.

Solution

To solve this task, Devexperts used a part of the DXtrade Enterprise multi-asset solution. Devexperts took its FIX-based order routing and execution component providing exchange execution simulation and prepared it for the integration with the client’s options trading platform. All parts of DXtrade Enterprise are detachable and can be delivered to the client as a stand-alone component. The client only needed to install and integrate it into its environment.  This autoexecution module was connected with the client’s market data provider (dxFeed) and OMS via the FIX protocol. It supports issue, replace, or cancel of Market, Limit, and Stop orders for Stocks, ETFs, and warrants. It conforms to all the technical requirements such as the throughput or 100 orders per second, and the latency of 100 milliseconds.

Results

The client received the necessary Exchange simulator component within several days. This backend component allowed it to attract more customers and make them loyal during the testing period. It also let them enter the trading education business.

Stock Trading Platform for Intelligent Wave Inc., a Japanese FinTech Firm

About the Client

Since established in 1984, Intelligent Wave Inc. (IWI) has built up trust by providing reliable network technologies for processing large volumes of transaction data in real time and accurately, particularly in the financial industry.

Especially in the field of credit and cash card, IWI has provided NET+1 (In-house developed product), which is mainly used for a switching transaction data through domestic and overseas card networks and a user authentication as the core of online system works 24 hour / 365 day (No1 share in the domestic market).

In the securities industry, IWI has developed and provided Information delivery infrastructure to enterprises. Will-Trade (In-house developed product) is working for an accurate processing with ultra-low-latency and vast amounts of market data for online and wholesale brokers in Japan.

[case_study_company_logo]

Challenge

Taking part in development and further marketing of a trading platform was something new to IWI. In attempt to diversify their operation, IWI needed an expert in development of such platforms. As both the anticipated end-customer and the client, acting as the systems integrator, were located in Japan, the solution had to comply with local norms, which included both user-facing feature peculiarities and overall specifics of local market regulation practices. The main challenge of introducing a new platform to the market was to deploy a demo-platform for stock trading ready for further integration with an exchange and being fully adapted to the Japanese market specifics.

Solution

Intelligent Wave Inc. was introduced to Devexperts through Devexperts Japan, a Japan-based subsidiary of the latter. As Devexperts already had a trading platform with a modular structure specifically designed for extensive customization, that platform served as a great starting point for collaboration between the two companies.

The demo-solution consisted of the following components developed by Devexperts:

  • An order/execution and risk management systems, fueled by a direct market data connectivity to Tokyo Stock Exchange
  • A modern Web terminal, which performance is able to outrank outdated static UIs of existing trading platforms
  • Web admin interface

To ensure product compliance with local norms, the components were substantially modified. In particular, Shinyo (margin trading specific to Japan) support was added. Order entry, integrated risk management solution and commission calculation were based on Japanese standards. The trading terminal was customized beyond recognition: colors used for price change indication were inverted, the color scheme was expanded to include more shades, and new fonts were used.

Result

The resulting solution provided to IWI is a stock trading demo-platform that can be successfully marketed in Japan and connected to the exchange. The demo-platform is tailored to satisfy the needs of a Japanese investor.

Gedik Investment Introduces a New Trading Platform in Türkiye

About the Client

Gedik Investment is one of the principal investment banking advisory and brokerage firms in Türkiye, providing research and brokerage services to domestic and foreign clients. The company is a member of Borsa Istanbul (BIST) and is authorized by the Capital Markets Board (CMB).

Gedik remains a pioneer in the Turkish market and has achieved several notable firsts. To name just a few: the first to use remote access API, access the Derivatives Exchange of Türkiye (VOB), claim an option execution on VIOP.

[case_study_company_logo]

Business Challenge

In recent years, the Turkish brokerage industry has been falling behind in the financial world with technological advancement. With the majority of brokerage houses still using similar interfaces to their competitors and, existing “boxed solutions”, it was becoming increasingly difficult for them to gain competitive advantage. In addition, the backend infrastructure of existing platforms did not allow the flexibility required for a rapidly changing environment.

Gedik needed a new infrastructure capable of consolidating Turkish stocks, futures, warrants and options under a single “Gediktrader” brand. This would enable them to move away from using third party software for each instrument, and offer a new improved service that would give their clients the edge. Gedik also wanted to introduce the scalability option to add new assets into a single trading platform, and integrate with multiple existing back-end systems.

We have worked with many European vendors on different projects. They did not have the dedication to integrate with our regional needs. Devexperts has a very good reputation for developing customized solutions, all over the world, dedication and the right team of engineers. This is why we chose to work with Devexperts.

Onur Topaç, Vice Chairman, Gedik

Solution

Based on Devexperts retail multi-asset trading platform, the ideal solution for Gedik was DXtrade Enterprise; an advanced software solution which includes OMS/EMS, risk/portfolio management, on-boarding, trading analytics, compliance, pricing and a pre-trade monitoring server. DXtrade Enterprise consists of independent modules that are designed for integration and customization into an existing infrastructure, like Lego blocks. The modules were carefully integrated into Gedik back-end infrastructure and modified to support local Turkish compliance regulations. With the fluidity of DXtrade Enterprise, Gediktrader was completed within 8 months from start to finish.

Gediktrader is an all-in-one, multi-asset and multi-platform trading software solution. With “one-click” registration, increasing customer conversion rate, traders can use the software on iOS, Android or an HTML5 web interface. Gediktrader enables the trader to use a single interface to analyze market data and trade multiple instruments (futures, stock, warrants and options). In addition, it is also possible to monitor market news according to an individual’s positions or watchlists and trade from charts – which was first introduced to the Turkish market. All multiple back-end third party systems are connected via DXtrade Enterprise to a single trader’s front-end.

Gediktrader is connected to the market data provider dxFeed, a subsidiary owned by Devexperts. dxFeed provides a flexible approach to consuming market data based on an individual’s trading style and demands. Gedik Investment can act as a market data vendor, apply client acquisition strategies and introduce loyalty programs. This ability to access market data for a desired period of time also reduces end-users’ trading costs, enables the assessment of risks for instruments on-demand and increase their revenues potential. In addition to providing a new trading platform, Devexperts have established a 24x7x365 maintenance and support service. It is based on a multilayered ITIL process and provides 99.98% year average uptime for real-time trading systems. This allows Gediktrader to concentrate on its core business functions as a brokerage, expand into new markets and increase the number of end users.

Result

  • New multi-asset trading platform.
  • 2000 new active traders onboard within 3 months thanks to one-click client registration and user-friendly trading functionality.
  • Devexperts has established a scalable M&S infrastructure that allows Gediktrader to host millions of end users, 24×7.
  • With the recent updates Gedik has a 4+ rating in App Store.