Development of a Next-Generation FX Trading Platform with Integrated FIX and Cloud Scalability

The client currently operates an outdated FX trading application that limits real-time data processing, scalability, and integration capabilities. They require a new solution to manage multiple private trading accounts, enhance data visualization, and support high-volume trading activities. The legacy system hampers operational efficiency, timely reporting, and system extensibility, affecting overall competitiveness in the FX market.

A mid-sized financial trading firm specializing in foreign exchange (FX) trading, aiming to modernize their trading infrastructure and expand their digital capabilities.

• Develop a new FX trading platform capable of managing multiple private trading accounts with high security and reliability.
• Integrate key trading protocols (e.g., FIX, MT4, MT5) to ensure seamless connectivity with external trading infrastructure.
• Leverage cloud-based architecture to enable scalability, high availability, and efficient data processing, including big data handling for pricing logs.
• Implement robust reporting and real-time dashboards to facilitate daily operational oversight and analytics.
• Establish an agile development process with bi-weekly sprint cycles to ensure continuous improvement and responsiveness.
• Build a dedicated offshore development team working collaboratively with the client's internal teams for ongoing support and future enhancements.

• User management and secure access control for private trading accounts.
• Integration with trading protocols (FIX, MT4, MT5) using proven middleware components.
• Real-time price feed ingestion, logging, and analytics with big data technologies.
• Customizable dashboards and visualizations for operational monitoring.
• Automated reporting of trade activities and system health metrics.
• Web-based interface accessible via standard browsers, converting legacy desktop applications.
• Scalable architecture supporting rapid expansion of trading scenarios and user load.

• Trading protocols (FIX, MT4, MT5) for order execution and data exchange
• Market data providers for real-time pricing and historical logs
• Reporting and analytics tools for dashboard visualization
• Security and identity management systems
• Cloud-based logging and monitoring services

• System should support high-frequency trading activities with minimal latency (<100ms for order processing)
• Capability to handle large volumes of transactional and log data daily, with scalable storage solutions
• Ensure data security and compliance with financial regulations through robust access controls and encryption
• Achieve 99.9% system uptime with automated failover mechanisms
• Support bi-weekly release cycles with comprehensive testing and documentation

The new FX trading platform is expected to significantly enhance operational efficiency by streamlining account management, reducing latency in trade execution, and providing real-time insights through advanced visualization tools. The scalable infrastructure will support increased trading volumes and scenario extensions, ultimately leading to improved competitiveness and faster responsiveness to market changes.