5 Major Trends In Trading Platform Development

A modern trader is a trader “on-the-go” which means that most feel themselves at ease with a smartphone or a laptop in their hands when making trades online at home or in the office, on vacation with friends or on the road. Inoxoft engineers dealt with CPU-bound tasks to execute multiprocessing and launch parallel calculations — everything for maximum speed in counting currency waves. Exploration of how to withdraw currency pair correlations, discover how to integrate with the broker, and achieve excellence in support services entailed specific technical work. Effective research tools are the ones that help traders to determine trends and easily spot opportunities that fit their investment goals. What is more, good market research tools obviate the need to pay broker commissions enabling traders to make money on their own.

  • The development of more complex or more easy-to-use trading platforms depends on the experience of traders and their needs.
  • A modern trader is a trader “on-the-go” which means that most feel themselves at ease with a smartphone or a laptop in their hands when making trades online at home or in the office, on vacation with friends or on the road.
  • Planning to secure your platform in terms of incorporation of modern techniques and tools such as multi-factor authentication, bank-grade encryption, next-generation firewalls, etc.
  • Having a clue about how to create a trading software project is always beneficial and helps to discover new ideas for your own project.
  • Remains to be one of the most important features for trading software.

Final rounds of testing and bug fixing by software engineers are followed by a release. Apps are uploaded to the stores and from that moment, you need to keep your app up-to-date to decrease bugs caused by updates in third-party APIs and update your app with new features. Performance Testing is the process of discovering the system’s speed, scalability, and stability. The speed is measured to understand the velocity of app responses, scalability shows the maximum number of users that can use the application at once so that the app didn’t crash. And, stability shows whether the app works properly under different loads or if there are potential defects that may occur.

Easy, but reliable verification process – that’s what firstly gives an impression of a secure platform and high-class work of engineers. Trading software can support access from numerous accounts like in open-source trading platforms with two-factor authentication . Still, you may as well have a system with access activated via email, phone number, or other ways for only a group of traders. When it comes to mobile technology it’s important to be one step ahead when adopting trading platform development trends. Whether you are a trader, an investor, or a fintech start-up company seeking to create own trading platform, it’s important to bear in mind that we are living in the age of continuous innovations. Technological development has become a rat race in conquering the cutthroat market.

Well-designed flexible platforms will be a great fit both for newbies and pros in the trading industry. But for higher platform performance it’s better not overcomplicate customization options. Prototyping in the app’s development lifecycle is a fast way to draw out the first design sketches.

Deep Market Research

If you are up to create your own platform, contact us and we will shed some light on the custom software development issues. To ensure delay-free transaction flow, many software developers and companies today work their fingers to the bone to boost the speed of order routing and execution. To impeccably follow the complex logic of calculations while implementing them into the app. Despite millions of formulas, there is an endless number of dependencies between different components that generate and define the strategy. To grasp in the shortest terms the mechanics of the brokerage system and dig deeper into the history of currency trading. What evolved for centuries had to become clear for engineers in 2 monthly periods.

Currency trading is an industry that triggers the great interest of income seekers. Traders worldwide turn to software companies with requests to build a trading platform that could effectively and quickly analyze data on currency pairs. In the article, we discussed how trading platforms development to build a stock trading platform, shared the challenges we faced, and how our team worked, and provided some insights on how to develop a trading platform. The emerging of the Big data technology is extremely significant for processing of huge amount of information.

Remains to be one of the most important features for trading software. It’s essential for platforms to have an optimized code that is ensuring clear & fast performance. Low-latency platforms help traders and investors to save money and time, and time in trader’s world is actually money. In our case, trading platform development services started with the aim of London deal-makers to automate data withdrawal and processing. The indispensable need to track the information coming from 3 world stock exchanges caused monumental work to be done. Our clients had exact needs, and we were ready to find a solution to fulfill them.

MoonXBT Enlisted in Top 12 Crypto Copy Trading Platforms by Industry Peers – Yahoo Finance

MoonXBT Enlisted in Top 12 Crypto Copy Trading Platforms by Industry Peers.

Posted: Tue, 13 Sep 2022 01:35:24 GMT [source]

Thus, it could be quite a challenging task to develop a perfect platform that meets market demanding expectations. Finally, if you want to create an online trading platform, you can always discover more information through the case study. Having a clue about how to create a trading software project is always beneficial and helps to discover new ideas for your own project. Implementation of software with enrooted algorithms and parallel task execution for smooth trader-broker communication was an alluring challenge but resulted in an elaborate app. The automated trading system conducts a simultaneous analysis of large numerical data and establishes constant communication links between a trader and a licensed broker. Reduced time of order generating is among the numerous advantages of the solution.

Competencies Of The Team

It should direct to a common vision with a customer over how the app will feel and what iterations there should be. Afterward, UI/UX designers can draw the design of the app incorporating the best transitions, animations, and styles to make the app feel smooth in use and convenient in navigation and have an intuitive interface design. All feeds, presentation and order execution can be affected by high-latency. Among the well-known latency sources are market, brokerage servers, internet connection, client hardware & software.

In-house development will cost you much more, but the key advantage is that you have the possibility to work side-by-side with a software development team. Outsourcing is more widespread and proves itself to be really effective even if there’s a difference in time zones, communication is online, etc. Nowadays software development companies practice the best management methods and agile approach that helps resolve all these challenges successfully.

Separation component in the work of the team with one person ahead, responsible for general architecture, led to success. Developing custom trading software may be a complex challenge, but with ages of experience and hard work behind our back, Fintatech development team can be your best technology partner. The team creates the solution’s functional decomposition to cover key business processes in the most efficient way. If you’re operating in the US, you have to meet the standards of the Securities and Exchange Commission. In Europe, trading platform developers monitor if their implementations meet the legal standards of the General Data Protection Regulation . Long gone the days when traders just sit in front of the desktop screen all day to place an order or analyze charts.

trading platforms development

The test cases of financial applications are conducted with the help of fake cards. These cards aim at understanding the quality, speed, and accuracy of payments. The system should provide traders with the possibility to quickly search rates, orders, currencies, indexes, and commodities and filter the generated information in real time. The platform has to run constant updates and operate information from numerous charts, and sheets with prices for real-time simultaneous analysis of exchange rates within different time zones.

Accepting And Resolving Technical Challenges

To be honest, it is 21 century, and daily communication is not a problem at all. Agile methodology, Atlassian software apps like Jira, HipChat, Gliffy, and Trello allow to have a complete view over the development and maintain transparent and regular contact with the team. As our experience tells us, in terms of trading software development real challenges appear with understanding business logic, resolving the vulnerability of the system, and technical issues.

Users expect trading platforms’ 24/7 availability and being alert about all the latest updates or for any security reasons. Customizable notifications allow you to stay up to date while the trading platform will send notifications about your stock position, monitor economic events, price changes, market development, technical indicators, etc. The management of the financial project should be marked with the dedication of the team to start the work with actual data as soon as possible. It was the night from Sunday to Monday when the currency stock began its work and when the whole team worked intensively.

Not only trading platforms must be fast, but it must also be mobile responsive. Advanced platforms are not just adaptable for portable devices, but optimized for them. That means all user’s preferences and customization settings are reflected on the mobile device.

The part that refers to the solution’s architecture, technology stack, entity-relationship models, and technical risks. Features of “Social Trading” functionality in Fintech Software Stacks become more in demand. It’s crucial for developers to make sure that https://globalcloudteam.com/ the platform is not the cause of unnecessary delay. Every time we wrote to the client, they were available and open to contact with us. Such an active position and involvement of our client, their visits to our office became a strong driving force for us.

First of all, the project is unique in a way it differs from other written solutions with the only function to click and see algorithms collecting the data. Our clients decided to go out of the box and use the 10-year’s experience in trading currency, then implement it into the software and leap from trading with 5 brokers to, let’s say, 50, 100 or even more simultaneously. The next step is to decide whether your trading system will be a mobile version of your existing stock market website or a fully-fledged app. In this scenario, there is no need to create an app separately for different devices and operating systems. The fully-fledged mobile app can integrate features that can not be fully implemented on the site. Convenient news, relevant overviews, and insights of the global currency markets shown in real-time and available right on their stock trading platform are exactly what help to avoid mistakes due to ignorance.

Testing And Quality Assurance

Imagine a bulk of traders with tons of manual work in Excel sheets to define the ideal strategy to sell or buy currency at the exact time of the day. 25 currency pairs are to be evaluated, then strategy comes to force, and an ideal deal is identified within seconds and done with a broker – that’s how traders achieve a pretty good income. Thus, the competitive spirit to operate trading processes faster via the tools of technology has led to an active online trading platform development. The development of more complex or more easy-to-use trading platforms depends on the experience of traders and their needs. Trading on binary options, you’ll need charts with exchange rate quotations with the possibility to choose a suitable time frame. Each strategy and approach to trading demands different operational tools, and schemes of how and what data should be examined and displayed.

Nobody likes monotonously clicking around to finally reach their target. You receive a proposal with estimated effort, project timeline and recommended team structure. Initial analysis of how we should organize the work lasted up to 3 months.

Choosing A Platform

Planning to secure your platform in terms of incorporation of modern techniques and tools such as multi-factor authentication, bank-grade encryption, next-generation firewalls, etc. We received your message and will get back to you as soon as possible. 3 awesome out-of-box products having leveraged the latest trending technologies to meet all necessary traders requirements. You’ll be able to work right from a mobile phone and all info will be stored and uploaded on cloud with the access anytime & anywhere. He main goal of customizations is to make user experience easy, enjoyable and convenient.

Overview Of Mainstream Trends In Trading Platform Development

Algorithmic trading solutions demand high-level quality work and attentiveness. Clear non-functional requirements help to understand how well the system needs to function. They are controlling criteria for development teams to specify and define the quality of a software product.

Big data technology can be a winning ticket for those who dare to compete with the giants in the stock or forex trading. Taking into account our on-the-go lifestyle, charts should work flawlessly both on desktop and mobile and other portable devices. We delve into your business needs and our expert team drafts the optimal solution for your project.

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart