INDUSTRY:
Financial Services
TECH STACK:
Front end – React JS and Angular JS
Back end – JAVA, Springboot framework
Messaging Services – Kafka, Kafka Streams
Containerization using Dockers and Kubernetes
Cloud – AWS and Openshift
Database- Mongo DB
ABOUT THE CUSTOMER
The client is an NYSE-listed financial services company and operates a leading, institutional electronic trading platform delivering expanded liquidity opportunities, improved execution quality and significant cost savings across global fixed-income markets. A global network of over 2,000 firms, including the world’s leading asset managers and institutional broker-dealers, leverages the clients’ patented trading technology to efficiently trade bonds. The clients’ award-winning trading marketplace is regarded as the preferred all-to-all trading solution in the global credit markets, creating a unique liquidity pool for a broad range of credit market participants.
THE PROBLEM
The client was facing challenges in finding expensive local resources and high churn rate. With implementation of IR-35 in 2020, the client witnessed a 35%-40% increase in their cost of hiring local consultants. In 2021, Brexit added to the difficulty of hiring permanent resources from a severely restricted talent pool in the UK.
THE SOLUTION
We provided the client with a mix of local and sponsored technical resources in the UK whilst leveraging our high-quality, mid to senior-level resources from our offshore development centre.
Key benefits included:
Up to 30% savings in software development and maintenance project costs
Helped the client in lowering the cost of services while accessing the best talent.
Providing long-term stability and resource visibility to the team.
Kept resource churn to a bare minimum.
Flexible and on-demand resource ramp up and ramp down, due to additional mid-level technical resources in India.
