Breaking Equity: Algo-Trading Experience Transformation

Breaking Equity

In recent years, the stock market has experienced a huge influx of retail investors and traders. To handle money flows in the global market successfully and gain the upper hand in stock trading, it became inevitable to have fast, accurate, and user-friendly trading apps on board.

The development of such an application was the project that one of our clients wanted to implement. A highly customizable algo-trading solution would make user access to stock markets simpler and ensure the maximization of earning opportunities.

Client’s profile

Breaking Equity is a FinTech startup headquartered in the US. It focuses on innovative automation of stock trading for retail and institutional investors.

The company was founded with a mission to make advanced stock trading tools and strategies more accessible both for seasoned brokers and novices.

The Breaking Equity founders created a team of skillful engineers and data scientists to make the technology previously accessible only to hedge funds and financial elites available to individuals.

Client’s Requirements

Breaking Equity got in touch with our team as a well-known developer with 8+ years of experience in FinTech and banking industries. The project was aimed at creating an algo-trading solution that could make stock market asset trading possible in a few clicks.

The app should contain fully automated trading tools and provide users with free and premium marketplace strategies. 

Another task was the development of a customizable builder of strategies that would use historical trading data for the last 20 years.

Bussines challenges

The first business challenge we faced was to create a team of experts with the right experience in the niche. It should embrace FinTech specialists with in-depth expertise in algo-trading and stock markets.

Our team had to perform the following tasks:

• MVP creation on the basis of the required specifications. 
• Fully functional prototype building to enable the first seed round of investments.
• App development with functionality both for novice and seasoned traders.

Implementation

The project implementation was carried out on the basis of the Scrum methodology. Our team closely cooperated with clients’ representatives who set the tasks for sprints.

The development team consisted of:

• 2 Back-end developers
• 2 Front-end testers
• 1 Python developer
• 1 DevOps engineer
• 1 project coordinator

The list of technologies used for project implementation included:

• Java
• React Native
• Python
• AWS Lambda Terraform 
• Spring

Solution Delivered

The close cooperation of tech experts made the project implementation fruitful and smooth. Our team developed a product containing the following features:  

• An application with an in-built set of free and premium tools for the creation of trading strategies.
• Virtual money trading tool (demo account) for testing strategies through operating with virtual funds. 
• Subscription-based user model with basic and advanced features for novices and experienced traders. 
• Strategy customization feature enabling users to create unique strategies and sets of filters.

Project Outcomes

The product was launched in October 2021. Though the project implementation is still in process of final fine-tuning and full-scale app development, it has already engaged 1,000+ users who are managing millions of dollars on a daily basis.

Currently, the app is fully integrated with many popular trading brokers, such as Interactive Brokers, Robinhood, Charles Schwab, and covers all the US stocks. 

RNDpoint team campaigns the digital marketing promotion of the product in various online channels.