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Development of a Cross-Platform Modern SDK for Market Data API Integration
  1. case
  2. Development of a Cross-Platform Modern SDK for Market Data API Integration

Development of a Cross-Platform Modern SDK for Market Data API Integration

jelvix.com
Media
Financial services

Identifying Limitations in Legacy SDK for Market Data API Accessibility

The organization’s existing SDK, built with an outdated programming language, limits its reach across multiple platforms and does not support new API features. Its users require an easier, more flexible way to integrate comprehensive, real-time market data and historical analytics into their applications, with minimal coding effort. The current setup hampers scaling API distribution and adapting to diverse user environments, constraining broader user adoption and integration capabilities.

About the Client

A large media organization specializing in aggregating and distributing stock market analytics and news for a global audience, with high content volume and diverse platform needs.

Goals for Enhancing API Accessibility and Market Penetration

  • Develop a modern, modular SDK compatible with multiple programming languages and platforms to facilitate widespread API adoption.
  • Integrate all existing and new API features to ensure comprehensive functionality, including real-time market updates and historical data storage.
  • Design the SDK for ease of use, enabling users with minimal coding experience to incorporate API features seamlessly into their applications.
  • Implement features such as automated documentation generation, text-to-speech news reading, and efficient data management.
  • Enhance the SDK’s scalability and performance to handle high-volume content updates and data archiving.
  • Increase target audience reach by expanding platform compatibility and simplifying integration processes, thereby boosting API utilization and revenue streams.

Core Functional Specifications for the Market Data SDK

  • A modular JavaScript SDK allowing users to select and implement desired API functionalities with minimal coding effort.
  • Support for real-time market data streaming and updates using WebSockets or equivalent technology.
  • Ability to retrieve, display, and store historical market data for analytical purposes.
  • Auto-generation of documentation post-code updates for easier maintenance and onboarding.
  • In-built text-to-speech feature for online reading of news articles and market summaries.
  • Prebuilt code samples and libraries to accelerate integration into various application architectures.

Technology Stack and Architectural Preferences

JavaScript
TypeScript
Node.js
React
Fetch API
GitLab CI/CD
WebSockets
NX
Go
npm

Essential External System Integrations

  • API endpoints providing real-time market data and historical analytics
  • Automated documentation tools for post-update code documentation
  • Text-to-speech engines for news reading features
  • Version control and CI/CD pipelines for continuous deployment and updates

Performance, Scalability, and Security Standards

  • Scalability to support high-frequency data updates and multiple concurrent users
  • Low latency in real-time data streaming and updates
  • Cross-platform compatibility for use across various client environments
  • Secure API access and data handling protocols
  • Automated testing and deployment pipelines to ensure reliability and rapid updates

Projected Business Benefits from SDK Modernization

The modernized SDK will significantly broaden the organization’s API adoption by enabling integration across multiple programming languages and platforms. It is expected to accelerate API integration times, enhance user experience with real-time and historical data capabilities, and support automation features like documentation generation and speech reading. These improvements will contribute to increased API usage, expanded target audience, and higher revenue potential, with supportive market research indicating alignment with user demands and competitive positioning.

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