World’s Largest Futures Exchange

  • Company name:
    Classified
  • Industry:
    Financial Services
  • Location:
    Chicago
  • Company Size:
    4k+

Mission:

We were tasked with on-boarding 100% of the existing DMA clients (brokerage firms, proprietary trading companies, hedge funds, etc.) onto a new gateway infrastructure to interface with the matching engine.

Challenge:

There were hundreds of clients to transition, and many of them did not have enough internal technology expertise to internally make the changes. The exchange had a tight timeline for the migration project, but was also short-staffed internally.

Solution:

  • Employ a managed service approach to take the migration workload away from the exchange
  • Deploy a 4-person team on-site to act as the “migration support team” for all exchange clients
  • Build Shell Script based tools and diagnostics
  • Build Java tools to automate the migration and certify the clients on the new platform
  • Create a FIX 4.2 protocol-based training materials to help walk the clients through the process step by step

Results:

  • Several hundred clients were successfully migrated onto the new platform within the client’s timeframe
  • Even reluctant exchange clients were ushered through the process as we convinced them of the benefits of the move
  • Performance increased on the new platform, and exchange volumes have soared since the migration