Business Need

The client, one of the first stock exchanges in a Southeast Asian nation, wanted to build a new stock exchange.

Business Challenge

Digital transformation is a strategic imperative across industries. The time when traders yelled out orders in the stock exchange is long gone. Today, investors and agents are well-informed and want to act on this information instantaneously; they want stock trading at their fingertips. Securities and capital markets across the globe must reimagine how their customers interact and transact with them.

In its endeavor to build economic diversity, a Southeast Asian nation introduced its nation’s first stock exchange. The client wanted to digitize its capital market infrastructure to offer an exceptional user experience to its investors and traders. They wanted a partner to develop, implement, and maintain a new-age Investor portal and Depository system built on a customizable and scalable infrastructure.

The investor portal and depository system must:

• Offer customization and configurability for multiple markets, orders, products, and currencies.
• Handle billing, inquiry, reporting, security, and high transactional capacity.
• Facilitate corporate actions, transfers, blocks, and pledges of securities.
• Deliver end-to-end information to investors and compute detailed statistics.

Business Solution

Chosen to develop the Investor and Depository portals for the project, NuSummit’s expert team had the challenging task of building a sound and resilient financial infrastructure, with the Securities Exchange as the central component. The client wanted the new portal to be a robust, fool-proof trading platform for brokerage firms and stock exchanges to connect seamlessly via web browser and mobile app. It had to be fully customizable, configurable, flexible, and secure, catering to the specific needs of various orders and products from different markets.

Working smartly around multiple parameters, NuSummit’s team of experts created highly efficient Investor and Depository portals that were both scalable and secure. Based on the latest Intercontinental Exchange Trade Capture and Historical (ITCH) and (Financial Information eXchange) FIX protocols, the interface for order management and real-time market feed opened up an extremely fast and efficient way for investors to transact various financial instruments across multiple exchanges. Built using the agile Microservices Architecture, the portal allowed quick and easy addition of new assets and services as the marketplace continued to evolve. With contemporary features like real-time settlement coupled with ultra-high security, the trading platform ensured the customers had one of the most advanced trading systems in the world that was on par with the latest international standards.

Tech Stack

Programming Languages and Frameworks:

• Angular
• Java
• Node.js

Database and Data Management:

• PostgreSQL
• Redis Labs

Message Streaming and Data Processing:

• Kafka

Trading and Financial Services:

• Nasdaq