Commodities trading software

Producer Forwarding Contracting /product

A platform meant for brokers to manage futures, options, and contract negotiations, all in one place.

Cross-functional development team consisted of

  • Architect
  • Project manager
  • Backend developers
  • Frontend developers
  • Quality assurance engineer

Producer Forwarding Contracting (PFC) is a web application for trading futures and options. It is used by brokers that create future and option contracts between farmers and buyers on the milk commodities market.

CONCEPT

Producer Forwarding Contracting is a single fully automated solution to trade with milk commodities on the mercantile exchange. It is a way for producers to set prices for milk to be delivered in the future. With this solution, producers manage risk without the cash outlay of maintaining their own futures account. It is an arrangement between producers and cooperatives/plants.

 

This solution is a cloud-based tool that enables FC Program management, month-end reports, pulling daily market prices, producer interaction, and order execution to find the “best fill”.

TECHSTACK

Backend

Java Spring Boot

Frontend

Angular

Database

PostgreSQL

Build and deployment

AWS

VALUE

PFC brings brokers and contracts to one place by allowing them to make trades with commodities based on futures and options. With continuous reporting and daily market prices in near real-time, this dashboard manages hedge balances and buying and selling options. It also allows placing pooled and non-pulled futures orders to the Chicago Mercantile Exchange because the application is connected to the stock market via API.

PROCESS

Confluence pages with project documentation have been created. That was a basis for ERA modeling. Each functionality from the documentation has been developed within a series of two-week SCRUM sprints. Each functionality has been demoed and feedback has been gathered from the Subject Matter Expert.

Since the solution required third-party integrations, we have arranged a set of meetings and consulted integration documentation. Infrastructure has been carefully designed in the AWS ecosystem. The quality of the solution has been ensured through continuous code reviews, integration testing, and QA manual testing practices.

Workshop

Meetings with clients
Business analysis

Architecture & UI design

Creating diagrams
Writing documentation
Wireframes Design

Development

Frontend
Backend
Quality assurance

Infrastructure​

Infrastructure as a Code

Support

Bug-fixing
Implementing improvements

CONCLUSION

A securities trading platform is a unique solution that connects sellers and buyers of commodities with brokers. It allows for easy and quick securities exchange with futures and options where brokers have a complete overview of the market in a single place.

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