Skip to content Business Need
Our client is a leading global stock exchange provider with several business units. Their marketplace technologies unit has several products that cater to various international stock exchanges and depositories. The evolving landscape demanded advanced technological solutions to optimize operations. Their overarching needs highlighted the necessity for an agile partner to work with them to implement and customize real-time clearing, automate and modernize investor relations, migrate legacy applications to the cloud, and ensure comprehensive risk reporting and analytics for their end customers. As an additional requirement, they also needed a partner to co-develop their ESG reporting product, which they rolled out to their end customers.
Business Challenge
Our client grappled with the need to rapidly customize their solution as per their end customer needs. This also involved robust testing under stringent timelines, migration to cloud infrastructure, and integration of complex post-trade systems across many global exchanges.
The challenges included:
- Implementing comprehensive performance testing within tight deadlines across varying client environments.
- Customizing and implementing post-trade products with unique regulatory and technical requirements.
- Building an ESG reporting product.
- Unavailability of bulk test data for load testing.
- Ensuring seamless integration across various international platforms.
Business Solution
NuSummit addressed the client’s complex requirements by automating investor relations, streamlining risk reporting with cloud-based analytics, and integrating solutions across global exchanges and depositories. Performance testing of the Dealer Portal and implementing post-trade products demonstrated NuSummit’s multifaceted technical capabilities.
The NuSummit solution approach consisted of:
- Performance and Stress Testing: Conducted rigorous tests to identify and resolve bottlenecks within the client’s dealer portal for optimized performance.
- Dedicated Expertise for Post-Trade Customization: Deployed a team of skilled business analysts, developers, and automation testers to tailor and implement post-trade solutions, enhancing client opportunities.
- Real-Time Clearing and Cloud Transition: Enabled real-time clearing and automated testing processes and facilitated a shift to cloud-based platforms for scalable, agile operations.
- Legacy System Modernization: Redesigned and migrated legacy applications to modern, cloud-native infrastructures for enhanced efficiency and reliability.
- Custom Dashboard Development for ESG Compliance: Built a comprehensive dashboard from the ground up for the client’s ESG reporting and compliance needs.
Technology Stack
The platform was built using a robust technology stack comprising –
Development and Programming Languages:
- Java 11 / Java 17
- C++
- React / React JS
- Redux
- Guice
- Mockito
- JUnit 5
Databases and Data Management:
- Oracle
- Sybase
- PostgreSQL
- ObjectStore
- AWS (Amazon Web Services)
- Amazon EKS
- Azure
- Kubernetes
- HCP Terraform
- Jira
- GitLab
- Maven
- Gradle
- BlazeMeter
- Tosca
- Selenium (Se)
- TestRail
- Playwright
- Kafka
- Reactive Extensions (Rx)
- Spring Boot
- Corda
Business Impact
NuSummit’s agility, scalability, and innovation helped the client to achieve the following benefits:
- Increased Operational Efficiency and Cost Savings: Achieved high-quality output aligned with client expectations while optimizing operational and cost efficiency.
- Advanced Risk Management: Strengthened risk controls through enhanced reporting and analytics.
- Future-Ready Infrastructure: Established a scalable, future-proof environment with successful cloud migration and legacy system modernization.
- Global Integration and Interoperability: Enabled seamless international platform integration to support global reach and interoperability.
- Accelerated Time-to-Market: Reduced launch times for key flagship products, enhancing the client’s competitive edge.
NuSummit’s Role
- Strategic Alignment with Client Goals: By closely aligning with the client’s business needs and strategic objectives, NuSummit met immediate requirements and positioned the client for future growth in the fast-evolving capital markets sector.
- Deep Capital Markets Expertise: NuSummit’s industry knowledge was crucial for understanding the client’s unique requirements and delivering tailored, effective solutions.
- Agile Offshore Delivery Center: Established a dedicated offshore delivery center, providing seamless project execution and managing resource and demand fluctuations with enhanced agility and cost efficiency.
- Accelerated Onboarding through Targeted Training: Delivered comprehensive internal training to ensure quick onboarding and alignment with the client’s development processes.
- Collaborative Focus on Leadership, Governance, and ESG: Employed a partnership approach emphasizing leadership, strong governance, and a commitment to ESG principles.
