Integrated Order Management System for Precious Metals Trading Operations

The client faces operational difficulties due to manual data entry, disjointed systems between web-based client portals and back-office accounting, leading to inefficiencies and potential inaccuracies in trade processing. Additionally, there is a need to automate order workflows, facilitate real-time data exchange, and integrate forex trading platforms for currency orders.

A mid-sized precious metals trading firm specializing in gold, silver, platinum, and palladium bullion storage and trading, seeking to enhance operational efficiency and system integration.

• Implement a comprehensive, automated Order Management System that captures and processes trade orders from the web portal to back-office accounting in real-time.
• Eliminate manual data entry, reducing errors and increasing processing speed.
• Integrate secure client web portal with backend systems through REST API to streamline order submissions.
• Enable automated notifications to brokers and clients regarding order statuses via email.
• Facilitate seamless data export for accounting system import via standardized CSV files.
• Integrate with external forex trading platforms to automate currency order placement.

• A secure web portal allowing clients to initiate trade instructions via browser.
• An order management application capable of receiving data via REST API, creating and updating order records, and notifying brokers of new or updated orders.
• Order processing functionalities including status updates, fee and commission calculations.
• PDF contract note generation using a document generation library.
• CSV data export functionality for import into existing accounting software.
• Secure data transmission and storage for compliance and audit purposes.
• Integration with external forex trading platforms to automate currency trading orders.

• REST API for communication between web portal and order management system
• Email notification systems for broker updates
• CSV import/export for accounting system compatibility
• External forex trading platforms for currency order management

• Real-time data processing and communication with minimal latency
• Secure user authentication and data encryption to ensure confidentiality
• High system availability and fault tolerance to support continuous trading operations
• Scalability to accommodate increased transaction volume as client base grows
• Compliance with industry standards and audit requirements

The deployment of this integrated, automated trading system is expected to significantly improve operational efficiency by eliminating manual processes, reducing errors, and enabling real-time order processing. It will facilitate seamless data flows between client portals, broker systems, and back-office accounting, leading to faster transaction turnaround, enhanced accuracy, and improved client experience. Additionally, the integration with forex trading platforms will enable automated currency trading, expanding market capabilities and revenue potential.