16 December 2017
visit www.aciworldwide.com

DataArt partners Fintratech to build trading simulator

03 December 2014  |  1741 views  |  0 Source: DataArt

DataArt, a global custom software development partner for the financial services sector, announced the completion of FlowTrader for Fintratech, a leading provider of trading simulations for institutional clients.

The project involved re-architecting Fintratech’s existing simulator to create a more modern, robust and scalable tool that ensures flawless deployment and improves overall user experience.

The product rebuild was conducted in two phases. In phase I DataArt transformed FlowTrader, a simulation application, into a sophisticated, cloud-based web platform to simplify security compliance checks and reduce deployment time, which is crucial for successful simulations within large financial institutions. In phase II, DataArt enhanced the product’s scale and usability to allow for better management of simulations, users, and settings. While FlowTrader was upgraded to run trading simulations for groups of 60 to 100 trainees at a time, it can now accommodate up to 1000 concurrent users in a simulation, a feature of its enhanced scalability function. The platform was also updated to allow users the ability to change live news and price feeds for a certain set of instruments to strengthen the platform’s customization capabilities.

“DataArt was the ideal partner for this project given its strong experience in building financial applications and platforms for trading,” said Piers Curran, Director at Fintratech. “Through this partnership, DataArt enabled us to bring to market a more modern and cutting edge financial training system that is teaching future financiers how to conduct flawless transactions in a myriad of trading scenarios.”

“Due to the fast-paced evolution and adoption of its technology, Fintratech required a partner that was able to create a scalable and flexible system to service the growing number of financial trainees in the buy- and sell-side spaces,” said Alexey Utkin, Financial Services Practice Lead in DataArt’s UK offices. “Our team was involved from day one through product launch to ensure flawless execution, completing the project against an accelerated ann, completing the project against an accelerated and near impossible three-month timeframe.”

FlowTrader mimics the real-life trading interactions between large clients through simulated hedge fund and market-making investment bank roles using pre-defined sets of securities and tradable instruments. It is primarily used to train students of financial universities and trainees in financial institutions using real-time simulation and training scenarios based on real market data.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.thomsonreuters.infovisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10367 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9825 views comments | 18 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7064 views comments | 19 tweets | 21 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6458 views 0 | 4 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
6198 views comments | 9 tweets | 9 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job