A global software services company

Alivia Capital

About Client:

 The client’s company was founded with the express purpose of facilitating the process of trading municipal bonds, a market worth an approximate three trillion dollars.

Situation:

 The current state of the municipal bond market does not allow for swift and painless transactions; instead the process requires the involvement of sometimes several intermediaries and often lacks transparency regarding the way bonds are being traded. This company hoped to provide individuals with a service that gave them access to auctions of the same quality bonds without the price markups characteristic of the ubiquitous middlemen, and a custom-made website was the medium they chose to utilize.

Solution:

 The TL team tackled this project using .NET as their primary language with a combination of other technologies to create a full and dynamic website. With basic design and functionality specs in hand, they went about constructing a site that would allow users, or "traders" as they are known on the site, to organize, follow, and bid in auctions, as well as publish their own municipal bonds with ease. AJAX was employed to allow for automatic updates without requiring traders to refresh the page, a crucial feature to keep traders on top of each and every auction.

A key element here was the site’s integration with the database of the brokerage firm that provides information about each published bond as well as completes the financial transactions once an auction is won. A complex system of bidding and awarding bids depending on the preferences of the trader who published the bond was constructed using Websync, AJAX and Sencha.


Technologies:

  • .NET
  • MS SQL Server
  • Web Sync
  • SENCHA
  • N-Hibernate

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