CASE STUDY
An innovative algo trading solution for fintech start-up
Learn how we built an algorithmic trading solution in just two months, from scratch.
THE CHALLENGE
Fintech firm needed a new trading platform to scale
Our client is a fintech company that offers an AI-based algo-trading solution to improve trading performance. It uses proprietary algorithms to route client orders to the most suitable broker.
They had developed an algo for improved execution performance, but didn’t have the necessary trading system to run this. So, they partnered with Genesis to build the tech needed to deliver this solution to their clients. Genesis built an OMS/EMS platform to help our client process orders.
The SOLUTION
Genesis builds new trading desk
Using the Genesis Application Platform, we built an innovative trading desk capability that utilized our client’s existing algorithms to enhance their client’s execution performance.
We combined several trade-related functions, including reporting, post-trade analytics and integrations to develop a trading system tailored to the firm’s needs. This enabled the client to deliver enhanced trade performance with best execution reporting data to measure improvements.
The benefits
Our client was able to leverage Genesis’ industry expertise, detailed planning, and seamless execution throughout.
Advanced capabilities
The solution provided key functionalities, including multiple order entry options, FIX connectivity and support for trading algorithms. Core features like post-trade analytics to measure broker slippage and other performance metrics, order monitoring and auditing and compliance checks helped our client to provide a comprehensive trading solution. These features ultimately enabled our client to demonstrate their commercial offering to prospects and win new business.
Industry expertise
Our client’s challenge was needing a highly specialized outsourced trading offering to help asset managers expand into new asset classes and reduce spending on data, trading infrastructure, analytics and reporting. To solve this specific challenge required deep financial services expertise. Our team’s combined extensive financial services experience helped us tackle this challenge in just 2 months, significantly faster than agreed timelines.
Agile approach
We delivered full OMS functionality by utilizing the Genesis Marketplace’s pre-built components and tools. Our platform is highly customizable and can quickly adapt to various use cases and evolving business demands. This fast, modular and agile development approach allowed the client to respond and adapt to market developments at speed, all at a competitive price point.
