Streamlining precious metals trading operations with an all-in-one solution

In the world of precious metals, BullionRock stands as a trusted provider of secure storage and trading services for gold, silver, platinum, and palladium bars and bullion coins.

Established by a team of seasoned offshore financial market professionals, BullionRock has built a reputation for reliability and gained a strong status in the industry.

When BullionRock sought to enhance its precious metals trading operations by streamlining processes, eliminating manual data entry, and connecting its client web portal with back-office accounting software, they turned to EffectiveSoft, a renowned software development company.

By partnering with EffectiveSoft, BullionRock aimed to overcome the operational challenges through development of an advanced Order Management System that would automatically capture data from the web portal, process orders, and transmit the data to the accounting software in real-time.

To address issues the client faced, EffectiveSoft developed an integrated suite of software applications:

Microgen 5Series Secure Web Portal, a client-facing solution allowing customers to initiate trade instructions securely via browser.

Order Management System, a middle office application implemented using ASP.NET MVC that performs the following tasks:

• Receives client, product, and currency data from the Microgen portal via a REST API.
• Creates order records based on the received data. Notifies brokers of new orders via email. Processes order status updates from brokers. Calculates commissions and fees.
• Generates PDF contract notes using PdfSharp.
• Exports data to a CSV file for import into the accounting system using LinqToCsv.
• Transmits files to the Microgen Portfolio Administrator for storage. Notifies brokers of new orders via email.

Microgen 5Series Secure Web Portal, a client-facing solution allowing customers to initiate trade instructions securely via browser.

The integrated Order Management System automates the entire order lifecycle from user submission to accounting, providing BullionRock with streamlined, paperless precious metals trading operations. It also integrates with external Forex trading platforms to place currency orders on behalf of customers.

By implementing the integrated software solution developed by EffectiveSoft, BullionRock successfully achieved a seamless flow of information and streamlined their operations. The Order Management System eliminated the need for manual input, ensuring efficiency and accuracy in processing client orders.

The integration with Microgen 5Series software enabled smooth data transmission between the front-end and back-end systems. The solution also included integration with the Forex Market to manage currency trading orders. EffectiveSoft’s solution met and exceeded BullionRock’s expectations, delivering a reliable and cost-effective product.