Development of a Realtime Forex Trading View for Mobile Applications

Financial services

Identifying the Need for Advanced Realtime Mobile Trading Capabilities

The client requires a seamless, real-time forex trading feature within their mobile app to support copy trading and live forex transactions. Their existing internal team cannot develop this functionality in-house, and current market solutions do not meet their requirements, creating a gap in their product offerings and limiting competitive advantage.

About the Client

A mid-sized fintech company focused on forex trading solutions and risk management, seeking to enhance its mobile trading platform with advanced real-time features.

Goals for Developing an Innovative Mobile Forex Trading Platform

Implement a real-time forex trading view within the mobile application to enable live trading and copy trading functionalities.
Achieve a pioneering solution by developing features not previously available at a global level in the forex industry.
Enhance the mobile platform's competitive edge, establishing it as the first to offer such advanced trading capabilities.
Support future scalability and integrations, including AI enhancements and additional tools for traders.

Core Functional Specifications for the Mobile Forex Trading System

Real-time live forex price feeds and charting tools
Order placement, modification, and execution functionalities
Copy trading feature allowing users to mirror trades from experienced traders
User account management and multi-account handling
Integration with risk management modules for trading oversight
Responsive UI with a customized design system supporting over 700 screens

Preferred Technology Stack and Architectural Approaches

Cross-platform development using Flutter

Design system with scalable UI components

Real-time data handling using websockets or equivalent technology

External System and Data Source Integrations

Market data provider APIs for real-time forex prices
Trading execution platforms or brokerage APIs
User authentication and account management systems
Risk management and compliance modules

Non-Functional System Requirements and Performance Metrics

System should support high concurrency with minimal latency to ensure real-time updates
Security standards compliant with financial industry requirements
Scalable infrastructure to handle increasing user base and data volume
High availability and uptime for uninterrupted trading experience

Projected Business Outcomes and Strategic Benefits

The development of this real-time forex trading mobile feature aims to position the client as an industry innovator, potentially increasing user engagement and trading volume. Expected outcomes include pioneering market differentiation, improved customer satisfaction, and laying the groundwork for long-term technological enhancements such as AI-powered trading insights.