In the fast-paced world of trading, technology plays a crucial role in ensuring seamless operations and reliable execution of transactions. At Rupeeseed, the OMS team has made significant efforts to improve their trading platform and offer their clients an efficient and secure trading experience.
One of the key highlights of their platform is their benchmarking of over 15 million plus orders. The backend has been tested with 15 million plus orders, 15 million + clients, and 60 million holding records in the platform. This benchmarking, a continuous exercise, ensures that their platform can handle high volumes of trades without any lag or glitches.
The team has also integrated ASBA IPO for bank brokers, which benefited retail clients by allowing them to block the amount in their Savings account for subscribing to an IPO issue. This feature ensures that the blocked amount cannot be used for any other purpose and continues to earn interest until successful allotment. Rupeeseed’s platform can also handle Non-ASBA processes via UPI and NEFT Mode (Pl check this) , which debit the application money from the bank account once the bid application is successfully placed.
Another significant integration on the platform is with Kafka, which enables real-time streaming data pipelines and applications that adapt to data streams. Kafka has better throughput, built-in partitioning, replication, and fault tolerance, making it an ideal solution for large-scale message processing applications. The three-tier integration of Kafka with Redis cache enables traders to receive the latest transaction updates seamlessly in their web and mobile applications, as well as on the desktop exe application.
The backend is secured by a two-factor integration, which provides an additional layer of security. The institutional OMS was developed for front-end strategies, which helps the institutional dealers to use built-in algos for Insti Trading. This OMS helps validate the client’s risk request and pass it as an algo order to the exchange. The system can also accept derivative GTT orders, which are valid for one year.
OMS Team at Rupeeseed has been able to smoothly transition from Grails to Springboot JAVA, adapting to the latest technology changes for the product. They have also been able to customize their platform according to client needs, such as MPP, server operator, pledge un-pledge, fund allocation, and adapting to regulatory changes. They have proactively completed various customizations and developed IVR for trading, which allows clients to call dealers and place orders. The SSO feature ensures that clients have a seamless and secure login experience.
Overall, Rupeeseed’s OMS team has made significant efforts to improve its trading platform and provide an efficient and secure trading experience for its clients. With the integration of the latest technology and customization options, the team is well-equipped to handle the evolving needs of traders and the market.