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Efficient Database Optimization and Agile Transformation for a US Trading Platform

Key results
Improved database performance and lower cloud infrastructure costs
Established predictability and transparency in the delivery process
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Summary

SmartTrader, a US-based trading platform, aimed to substantially expand its user base but lacked the scalability to handle increased workloads. The ELEKS team audited SmartTrader’s Oracle database, providing actionable items to guide further development. Additionally, they optimized the infrastructure, refined the use of industry-standard Agile practices, and collaborated with the client’s developer team to enhance the platform's performance and scalability.
Location
USA
Cooperation period
2023-ongoing
Services used
Agile Transformation Consulting Software audit Technical support
Industry
Finance
ELEKS’ professionalism was evident throughout the entire process, ensuring a high standard of work. They were always available to address any questions that arose. Additionally, they provided highly detailed documents, which have remained our standard and left us in a better position.
Eric Owens
Director of Application Technology
The situation

SmartTrader needed to enhance its trading platform's scalability to support user base growth

SmartTrader is a US-based trading platform that provides traders with access to premium trading tools, individual insights, and market analysis, enabling them to advance with skills and trading experience. SmartTrader aimed to substantially expand its trading platform's user base, yet its current capabilities lacked the scalability required to handle increased workloads effectively, such as a higher volume of active users and data processing. To fortify its growth prospects, SmartTrader enlisted the expertise of ELEKS to conduct an audit of its Oracle database. Additionally, ELEKS was tasked with streamlining the development process across geographically dispersed teams and refining the company's adherence to Agile development practices.

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The solution

An innovative way to capture how users feel about specific content or user experiences

The ELEKS team supported SmartTrader's existing solutions and collaborated with the current developer team to enhance the platform's performance and scalability.

Our experts conducted an in-depth 2-month audit of SmartTrader’s Oracle database, the primary source for storing and processing operational and historical data on trading operations, account performance, trading tools, and actual prices with an accuracy of up to one minute. They analyzed resource usage, performance and efficiency issues, and database maintainability. Subsequently, they delivered a comprehensive report outlining actionable items to guide further development efforts.

In addition to database support, ELEKS experts actively engaged in enhancing the existing production and development databases, implementing new optimization features, and resolving performance issues.

Moreover, ELEKS facilitated infrastructure optimisation and cost reduction by providing a DevOps expert to assist in creating an infrastructure optimization plan. Furthermore, a Business Analysis expert was enlisted to organize the backlog and document the project.

ELEKS also contributed to refining SmartTrader's use of industry-standard Agile practices, formalizing development processes, and enhancing efficiency and transparency. Specifically, they assisted SmartTrader in:

  • Establishing a product backlog management system by setting up a Jira product delivery workflow and reporting system; introducing work items decomposition levels aligned with the Agile delivery approach to establish the product vision and enable the delivery of product increments within one iteration.
  • Helping product management shape the product vision based on market benchmarks.
  • Facilitating smooth knowledge transfer and onboarding processes to enhance the client experience and deliver optimal value within budget constraints.
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The result

Enhanced platform performance and scalability through database, processes and infrastructure optimisation

The ELEKS team of experts aided SmartTrader in identifying issues and bottlenecks in various aspects of its database usage and subsequently devised an optimal correction plan. Through ELEKS' consultancy, the client successfully reduced database and cloud infrastructure costs.

Furthermore, ELEKS enhanced delivery estimation and planning accuracy by refining the project documentation and establishing a best-practice Scrum process. They also improved development transparency through comprehensive reporting.

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Sam Fleming
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