FDA Operator

Australian investment management product that serves to organize professional management of different securities and assets

Solution:

DIGITAL TRANSFORMATION SERVICES

Industry:

Investment Banking & Brokerage

Business size:

Small Business

Outcome

Close cooperation with the customer made it possible to more fully understand the requirements and needs during the project. The chosen methodology significantly accelerated the speed of developing a web application and allowed us to complete all the tasks at a high level of quality.
In the first months after the introduction of the new application and services, the Customer noted a rapid expansion of their customer base and high-profit growth. Subsequently, maintenance and support were offered to provide web application with necessary updates.

1

Number of Application Released, application

12

Overall Development Time, month

3

Average First Version Delivery Time, month

0%

Exceeding Budget

0

Exceeding Deadlines, days

46%

Increase the number of clients

Business
challenge

weaknesses

  • The need to develop and implement many statistical methods
  • Creating algorithms for processing a large amount of information
  • Increasing the speed of calculations

strengths

  • The online-platform for investing in the fastest and the most convenient way
  • Ample investment opportunities
  • The opportunity to buy stocks for risk minimization, for counting incomes of holdings of the chosen shares
  • The opportunity to invest online from anywhere in the world

Project
Description

FDA Operator is an Australian financial operator, which offers a number of managed account, client portfolio and administration services to financial planners, advisors and other AFS licensees and their Clients. The goal of the project was the creation of the online-platform for investing in the fastest and the most convenient way.

Computools worked on the development of application FDA Operator, the financial instrument intended for capital investment in deposit and securities. Financial instruments in the project are the stocks of the local Australian and large global companies and profitable deposit programs of banks. Investing online is available from anywhere in the world. With the help of this web application, the investor has an opportunity to buy financial instruments calculating incomes and risks. Besides, he has the opportunity to buy stocks for risk minimization, for counting incomes of holdings of shares he has chosen, for tracing of the market data for the past period.

Digital Platform & Technology

Digital platforms and project technologies are determined by the tasks that need to be performed and the functions that should be in the finished product. Large-scale projects require an integrated approach and many solutions. We are always ready to satisfy all requirements.

C#

C# is a modern, type safe object oriented language that enables programmers to quickly and easily build solutions for the Microsoft .NET platform. C# being a .NET language, supports language interoperability, i.e. C# can access code written in any .NET compliant language and can also inherit the classes written in these languages.

ASP.NET MVC

ASP.NET MVC framework is a lightweight, highly testable presentation framework that is integrated with the existing ASP.NET features, such as master pages, authentication, etc. It is ideal for developing complex but lightweight applications; provides an extensible and pluggable framework, which can be easily replaced and customized. Utilizes the component-based design of the application by logically dividing it into Model, View, and Controller components. This enables the developers to manage the complexity of large-scale projects and work on individual components.

MSSQL

Microsoft SQL Server is a relational database management system (RDBMS) that supports a wide variety of transaction processing, business intelligence and analytics applications in corporate IT environments. It is a scalable data platform which includes several ETL (Extract, Transform and Load) tools and reporting services where data can be added, modified and queried using a standardized structured query language (SQL).

ADO.NET

ADO.NET is a data access technology from the Microsoft .NET Framework that provides communication between relational and non-relational systems through a common set of components. ADO.NET provides consistent access to data sources such as SQL Server and XML, and to data sources exposed through OLE DB and ODBC. Data-sharing consumer applications use ADO.NET to connect to these data sources and retrieve, handle, and update the data that they contain.

Entity framework

Entity Framework is an open-source ORM framework for .NET applications supported by Microsoft. It enables developers to work with data using objects of domain-specific classes without focusing on the underlying database tables and columns where this data is stored.

LINQ

LINQ (Language Integrated Query) is uniform query syntax in C# to retrieve data from different sources and formats. It is integrated in C#, thereby eliminating the mismatch between programming languages and databases, as well as providing a single querying interface for different types of data sources.

CSS3

Cascading Style Sheets (CSS) is a simple mechanism for adding style (e.g., fonts, colors, spacing) to Web documents. CSS3 is the latest evolution of the Cascading Style Sheets language. It brings a lot of new features and additions, like rounded corners, shadows, gradients, transitions or animations, as well as new layouts like multi-columns, flexible box or grid layouts.

HTML5

HTML5 is a programming language whose acronym stands for Hyper Text Markup Language. It is a system that allows the modification of the appearance of web pages, as well as making adjustments to their appearance. It also used to structure and present content for the World Wide Web and a core technology of the Internet.

JavaScript

JavaScript is a programming language that can run inside nearly all modern web browsers. JavaScript is a scripting language used to create and control dynamic website content, i.e. anything that moves, refreshes, or otherwise changes on your screen without requiring you to manually reload a web page.

jQuery

jQuery is a lightweight JavaScript library. The purpose of jQuery is to make it much easier to use JavaScript on the website. jQuery takes a lot of common tasks that require many lines of JavaScript code to accomplish, and wraps them into methods that can be called with a single line of code. jQuery also simplifies a lot of the complicated things from JavaScript, like AJAX calls and DOM manipulation.

Bootstrap

Bootstrap is an open-source Javascript framework. Bootstrap is a free collection of tools for creating websites and web applications. It contains HTML and CSS-based design templates for typography, forms, buttons, navigation and other interface components, as well as optional JavaScript extensions.

DataTable

A DataSet is made up of a collection of tables, relationships, and constraints. DataTable represents one table of in-memory relational data; the data is local to the .NET-based application in which it resides.

Communication Framework

To communicate with the client, we always build a convenient communication system that takes into account the features of cooperation and is suitable for all participants. For this project, Skype was chosen as a way of communication for conferences, discussions and quick decision-making. To exchange information, an email was used.
Skype
Trello
Email

Specification

The specification is created at the design stage of the project. It is a list of project activities to be completed. Thanks to the preliminary specification, the project work is carried out according to the already drawn up plan, and the final specification is formed at its end.

Goal - Create an application for managed account services and investment advisory.

Precondition There is a task to buy 100 stocks of a particular company.

Main Flow For risk diversification, it is possible to create a custom basket of products, consisting of 50 shares of company A and 50 stocks of company B.


Postconditions The client has the maximal range of investment instruments with the ability to calculate the risks and incomes to gain profit with the ease of operation.

Team

A team is formed individually for each project. The team of experts was assembled to successfully complete this project. Each specialist has the necessary skills, knowledge and experience to ensure the high quality of performed work. Throughout the project, the productivity and effectiveness of the entire team are constantly maintained.

Backstage

The key to successful work on the project is the constant maintenance of the effectiveness and productivity of all team members. To do this, we hold various meetings, practice brainstorming and other methods of creating innovative solutions and troubleshooting.

Dev meetings

At developer meetings, our employees share experiences and their project successes. This helps to see and evaluate the work from the outside. In some cases, the exchange of experience helps to find the best solution for the next section of the project.

Team Brainstorming

The brainstorming sessions help our engineers to find a really innovative solution. They stimulate creative activity and each participant has an opportunity to offer as many options as possible, including the most fantastic ones. It helps to hit the necessary ideas and solutions.

Feedback

After finishing a large part of the work we conduct team discussions and arrange feedback sessions. Thanks to exchanging opinions and emerging ideas, our developers find truly innovative solutions, improving their personal efficiency and the efficiency of the entire team.

Internal Communication Flow

The internal communication of the team was conducted through Skype. In a working chat, current issues were discussed, necessary meetings were held and urgent issues were resolved. To manage the project, Trello was selected, allowing the Project Manager to distribute tasks, monitor their implementation and status.

Project Management Methodology

To work on the project, the optimal methodology is selected, which determines how the code will be developed, tested and released. For this project, Scrum, a flexible agile methodology, was chosen.
Scrum addresses complexity in work by making information transparent, so that people can inspect and adapt based on current conditions, rather than predicted conditions.ransparency of common terms and standards is required in Scrum development to ensure that what is being delivered is what was expected. Frequent inspection ensures progress and detects variances early on so that adjustments can be made quickly. The most common Scrum events for inspection and adaptation are: Sprint Planning, Daily Scrum or "Stand Up", Sprint Review, and Sprint Retrospective.

Project timeline

01

CONSULTING

Defining goals
  • Identifying high-level project goals
Analysis & Exploration
  • Researching and analyzing the existing and ready-made solutions
  • Defining main restrictions and providing solutions for them
  • Identifying the main risks
02

Product DESIGN

High-Level Architecture
  • Selecting basic architectural patterns and tools
  • Forming an application stack, work processes with VCS
  • Forming the main development guidelines
Interactive Prototypes & Specification
  • Development of a prototype in parallel with specification
  • Choosing Project Management Methodology
Development Flow
  • Development Methodology.
03

Product Engineering

Build The Team
  • Making the initial scope based on the specification and estimate, calculating the optimal number of specialists for each role
  • Adding executors to the team's core
  • Conducting an intro meeting
Development
  • Distribution of tasks among team members, execution and completion
  • Introducing the necessary functions into new pages, applying edits to existing ones
  • Final refinement and implementation of page design
Testing & Stabilization
  • Developing a testing plan
  • UI & Unit testing
  • Applying improvements
  • Code stabilization/refactoring, increasing system stability, reducing the probability of bug emergency
  • Continuous Maintaining & Support

Implementation
On Client’s Side

1.

Launch

The launch of ready-made services was carried out in accordance with the agreed plan. Since the development was divided into stages, the launch also took place in stages. After each stage, additional tests and checks were carried out.

2.

Transfer

Transfer to the customer’s servers was carried out in stages as well. All actions were agreed on both sides, thanks to which the tasks were completed quickly and without delay. After the transfer was completed, tests were conducted confirming the performance of the developed pages and services.

3.

Education

Educational videos and tutorials were not required for this project. The intuitive design and simple functionality that fully meets the requirements of customers make the use of the service simple and understandable to any user.

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