Advanced Forex Trading Application

Our Experience developing Forex Trading Application enabled with Personalized insights on the Forex fluctuations and trends.

Customer Profile:

Our Client is a traditional Financial service company based out of Japan. Their goal is to deliver value to the customers they serve by becoming a simpler, more focused, and technology-oriented company. They have introduced new ways to meet their customers’ evolving needs, with flexible products and providing real-time actionable insights.

Problem Statement:

Forex trading has become increasingly popular with people considering the Global Market with Plenty of Opportunities, Easiness to Get Into, Around Clock Trading, and Low Costs Involved. The need for an AI-enabled Forex application that can consolidate the market research information and provide actionable insights in time for the forex trader to make profitable decisions is a need of the hour.

Project Background:

Our customer reached out to us with the idea of creating a forex trading application that gives their trader a competitive advantage over similar applications in the market.

Challenges:

  • Line, moving average, and candle chart
  • Managing multiple data feed providers with no standard data format
  • Real-time trading alerts
  • Real-time currency rates
  • Real-time news feed

Technology:

Development language: Java Database Server: MySQL File Storage: AWS S3 Hibernate Content Delivery: AWS CloudFront

Solution:

Innovature proposed a full-fledged application with professional analytics tools, integrated trading strategies, and advanced charting features. These features enabled the traders to understand the current market fluctuations and equipped them with strategies and techniques to maximize their profit. The solution also allows the user to place complex trades and receive custom alerts relevant to the customer’s trading strategy. The user can also set predefined change indicators to help them in analyzing the fluctuations in the market. We developed an advanced trading application with analytics and trading strategies. As active currency traders like to have access to market news, quotes, charts, and their trading account at their fingertips at all times, forex software applications are extremely popular with forex traders.

Achievements:

  • Real-time tracking and currency exchange rate updates.
  • Live charts for customers in real-time for currency rate changes.
  • Frictionless payment.
  • Advanced analytics and report on the user trading.

Return on Investment:

The new forex platform curated through a web application enabled our client to increase their forex trading customer base by 55%.
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