Document Management System for FX Trade Documents

Industry

BFSI

Challenges

Pre-trade documents used across the FX trading industry, with some industry-first features like in-system negotiation ability, dynamically configurable approval workflow, offline participant support, custom reporting capabilities

Solution

  • Multi-document type support with any number of signatories/participants
  • Legal terms as free text with in-system negotiation ability
  • Support for all financial product spanning across different asset classes.

Business Background

In the FX industry various types of pre-trade agreements are signed between participants (IBs, Fund Houses, etc.) which detail out elaborated terms and conditions, what products are allowed and in what capacity. They need to be regularly updated and re-signed in case of updates. Managing and updating these agreements is a time-consuming affair with significant financial and regulatory impact, hence there is a requirement for a product to digitally manage them across the industry.

Problem Statement

Build a new-age documentation management system, with the ability to support all types of pre-trade documents used across the FX trading industry, with some industry first features like in-system negotiation ability, dynamically configurable approval workflow, offline participant support, custom reporting capabilities, etc.

NFRs

  • Configurability for Reporting
  • New Document Type addition
  • Supports 100 TPS
  • Auditability
  • Security

Product Features

  • Multi-document type support with any number of signatories/participants
  • Legal terms as free text with in-system negotiation ability
  • Support for all financial product spanning across different asset classes.
  • Integration capability with risk management solutions
  • Configurable approval workflow with a seamless experience even for offline participants.
  • Bulk Updates for easy management of multiple documents.
  • GraphQL based configurable reporting coupled with a query builder

Tech Stack

  • Spring
  • Java
  • React JS
  • Redis
  • PostgreSQL
  • GraphQL
  • CKEditor
  • Kafka
  • Kubernetes
  • AWS

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Our team would be happy to answer your questions.