We helped the client transform their product into a full-fledged high-performance commodity trading platform with an easily maintainable codebase and scalable architecture, adaptable to other markets.
The client is a UK-based commodity trading platform.
Our client pioneered electronic trading in financial markets, launching the first real-time equities platform in Europe and the world's first real-time internet-based FX platform in 1998. Since then, they have evolved into a full-fledged trading platform that maintains a commodity exchange market across Europe.
The commodity trading platform enables farmers, producers, exporters, traders, processors and buyers to connect, communicate, market, distribute and transact with counterparties in an independent, secure, transparent and controlled environment.
The main client's goal was to build a world-class commodity trading platform for farmers, producers, exporters, traders, processors, and buyers to connect, communicate, and transact securely and transparently.
The client reached DeepInspire having an MVP with limited functionality that didn't cover business needs and became unstable with each new client and an increasing number of users. The product's profitability depends on the number of clients/organisations added to the platform. The client wants to be able to add as many clients as possible without worries about how the system reacts to such changes.
The client needed a partner with extensive expertise in trading platform software development to optimise the product and transform it into a highly productive, easily scalable and updatable solution.
Has adaptable to other markets architecture to be able to roll out this product globally;
Is easily scalable and maintainable to be able to add more species and products, and new features and functionality as the business expands.
Stays stable and highly productive with the growing number of users;
During the project's first stage, DeepInspire's team collaborated with the customer to identify the requirements and current problems with the MVP and set the vision for future development.
We conducted an extensive discovery analysing the code and the entire system, identifying product challenges and possible solutions. As a result, our team offered technological solutions to allow the client to scale and expand according to their business needs.
The challenge was to review front-end and back-end components and improve the whole system. We dived deep into code and did an immense scope of work. As a result, the client's MVP has been rewritten from scratch, and the code base transformed into a simple, easily maintainable solution.
As the client aims to roll out the product globally, we had to transform the commodity trading platform into a flexible market-independent solution that can be taken as a basis and tweaked up to the needs of a new market.
We have upgraded the engine to allow for configuration rather than hard-coding of industry-specific information so that the trading platform is easily adjustable to any industry and type of commodity.
We took the customer’s product from the MVP stage to a full-fledged commodity trading platform with the following features:
To boost the development process and support product success in the future, we have delivered comprehensive product and technical documentation, including a project charter, work breakdown structure, software specification and risk management plan.
DeepInspire is the best development team I’ve ever worked with and I’ve been in development for 30 years now.
I was struck by their immediate understanding of our challenges and issues before they even dived into the code. They made a huge effort to understand exactly how the code worked and what our customers were looking for. Because of this, I’ve engaged with DeepInspire on different projects at a different company since then. They continue to impress me even more.
