Toptal scales financial firm’s reporting capacity from 3 billion to 13 billion transactions.
Toptal helped a leading financial trading firm enhance its regulatory reporting system, increasing daily transaction processing and improving compliance.
Client
A U.S.-based global trading firm serving as a market maker across equities, derivatives, ETFs and fixed income.
Employees
Revenue
Industry
Financial ServicesDelivered Services
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The firm’s existing regulatory reporting system was at capacity and unable to handle the increasing volume of daily transactions, risking noncompliance with financial regulators.
Solution
Reporting System Design
Toptal designed and implemented a new regulatory reporting system using Spark and Hadoop, ensuring the system could handle increased transaction volume while meeting all regulatory requirements.
Optimizing Data Processing
Toptal optimized data processing using PySpark, which replaced complex Java programs, reducing the time to process late records from over 24 hours to just one hour.
Outcome
Increased Transaction Capacity
Toptal’s new system increased the firm’s daily transaction capacity from 3 billion to 13 billion, recognized by senior management as a game changer for the firm’s operations.
Rapid Records Processing
In a proof of concept, the new system successfully processed 10 billion records in just three hours, demonstrating its ease of use and reliability.
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