Case Study
Custom Trading Platform as a Method to Escape Vendor Lock-In
Custom Trading Platform as a Method to Escape Vendor Lock-In ABOUT THE ?USTOMER The Customer is a public company and global leader among OTC brokers, offering web- based and mobile trading, and specializing in Forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The Customer’s brokerage is regulated by the Cyprus Securities and Exchange Commission and the Financial Stability Board. It provides leverage up to 1:300. BUSINESS CHALLENGE The Customer used an off-the-shelf trading solution for the brokerage, causing a vendor lock-in. They required a custom trading solution to meet their demands in terms of onboarding and implementation of the Customer’s proprietary widgets. These means were aimed at boosting the Customer’s revenue. They also required a subsequent transfer