A Web App for Trading Highly Volatile Instruments

Target audience

The trading app that we have developed is intended for internal use only. It is designed to be used by wealth managers working within our client’s company and provides them with a range of features that help them to manage their clients’ investments more effectively.

Solution overview

The web app allows trading highly volatile instruments (e.g., Dow Jones, DAX, FTSE, NASDAQ, and other indexes) and features low latency inbound market data and a slippage-free outbound order system. The strategy laid in the basis of the app relies on using a sequence of preset numbers, placed in one direction of the market movement at a fixed pace from the trigger price. After each order is executed, a stop loss, hedge, or take profit is automatically placed a preset distance away from the execution price. The next order is activated only if the previous order was executed at a price that starts from the execution price.

The app comprises a client application and an admin panel.

• The client application offers an interface for end-users to view information from the liquidity provider and initiate the auto-trading process based on previously calibrated parameters.

• The admin panel serves as a centralized control panel, allowing administrators to monitor, control, and configure the app.

Client app functionality

• Authentication

• Account management:
  1. Link trading account
  2. Change password

• Trading screen:
  1. Trading window management
  2. Calibrator
  3. Max loss order
  4. Account overview
  5. Open positions
  6. Netting positions
  7. Daily turnover
  8. Order book
  9. Trade log
  10. Turnover from-to

• Algorithm implementation:
  1. Sequence order
  2. Hedge function

Admin panel functionality

• User management

• Risk management

• Trading configuration

• Analytics & reports generation

Project approach

We used Agile methodology to implement this project, working closely with the client and ensuring full transparency through frequent deliveries. This approach allowed us to incorporate feedback from the client into our work and deliver a product that fully met their needs. Regular meetings were held with the client to discuss progress and gather feedback, enabling us to quickly address any issues and keep the project on track. The methodology also provided flexibility to adjust the scope and introduce new features along the way, as new ideas appear after the project started.

We began by defining the MVP functionality – the most essential features that would form the foundation of the product. We then decomposed these features into smaller, more manageable tasks, with the goal of making each task clear and specific. Next, we prioritized these tasks, ensuring that the most important ones were tackled first. Finally, we split these tasks into sprints – shorter periods of focused work designed to help us make progress toward our goals. By taking this approach, we were able to break down a complex task into smaller, more manageable pieces, and make steady progress towards our ultimate goal.

Results and future plans

Within four months, the Itexus cross-functional team successfully delivered the MVP. This included all required functionality, along with user acceptance testing. The next release is focused on wrapping the React application into a desktop application to improve usability, and to enable the possibility of setting up shortcuts. Future plans for the project may include additional third-party integrations, as well as further optimization for low latency.

Are you interested in building a custom trading tool from scratch? Whether you have a clear idea or are still exploring your options, our team of experts can guide you from start to finish. Contact us for a free consultation.