At Wakett, we specialise in developing customisable financial software tailored to meet our clients’ unique needs.
But, you might wonder, what’s our software got that others don’t?
Well, when off-the-shelf solutions fall short, businesses face two choices:
We have the expertise to turn your ideas into functioning software, all while speeding up your time-to-market and minimising costs.
Below, we outline several ways we have customised our software to align with specific client needs.
One of our clients sought a customisable financial software solution capable of adjusting their trading strategy in real-time, based on market liquidity and the status of previous orders.
While generating a signal and executing at market events can be rather straightforward, the situation becomes more complex when actively managing pending orders in response to fluctuating market conditions.
With this in mind, we worked with our client to effectively handle these challenges, and what was needed became rather clear rather quickly... Our client needed seamless communication between portfolio management, order generation, and execution management.
This, after all, ensures that rules and actions reflect real-time market events.
And, although confidentiality prevents us from revealing the specific rules we created for the software, our high-level custom solution involved a two-tier approach:
To achieve all this, the system needed two-way communication, where signals from the strategy would modify executions dynamically, based on the latest market insights.
In a different scenario, another client’s strategy required them to generate multiple limit orders that needed conversion to market orders under specific conditions.
But, of course, these decisions weren’t just influenced by the time since the order would be placed but also by live portfolio calculations.
(It’s never straightforward, and that’s ok!)
Thanks to the architecture of our customisable financial software, which shares real-time data across modules, we automated the adjustment of order executions, removing the need for manual intervention.
Ultimately, the system was designed to respond promptly to portfolio changes, enhancing both speed and accuracy when executing orders.
Meanwhile, a separate client was handling thousands of trades daily, receiving varied daily statements from multiple brokers. Each statement also came in a distinct format, so you can imagine what kind of headache this was turning out to be for our client and their team.
Indeed, this complexity turned reconciliation into a laborious and error-prone challenge. Plus, manually converting and storing data in Excel often led to mistakes, consuming several hours each day.
To tackle this, we employed our powerful data processing software, AUTOMAN, to automate the entire workflow for our customisable financial software solution.
To do this
The outcome was a standardised, normalised dataset ready for daily reconciliation...
Tasks that previously demanded hours of manual effort were condensed to just a few minutes, allowing our client to focus on verifying data accuracy and addressing discrepancies only when necessary.
In today’s fast-paced financial environment, leveraging customisable financial software empowers businesses to optimise their operations effectively.
At Wakett, our commitment is to develop solutions uniquely suited to your needs, driving success and efficiency in your financial endeavours. And we’re excited to do that for you.
So, what are you waiting for? Get in touch with us and let’s work together to save you time and money!