Introduction
BLOC-X is an independent provider of electronic trading software for the OTC Oil Block Futures market. Together with our team, they created a trading platform that is transforming the way financial oil markets operate.
Business challenge
BLOC-X set out to disrupt the market with a modern SaaS platform. They needed a fast MVP to prove the concept’s value to key oil trading market makers and investors. To achieve this, they turned to our custom fintech software development services.
Working side by side, we quickly delivered an MVP that supported fundraising and secured the first contracts with corporate clients. This early success ensured funding for the next stage: building a scalable, fully compliant trading platform.
Business solution
After securing investment, BLOC-X needed to quickly scale into a full, production-ready solution. The goal was to keep the momentum and meet all security and trading compliance requirements. At Pragmatic Coders, with our expertise in building custom trading platforms, we were ready for the challenge.
The first version focused on UI/UX and gave traders the ability to place offers and execute trades. It was still an MVP, offering only a limited set of features, but it gave users a real sense of the system. Using their feedback and the collected data, we refined the product idea and built the final solution.
Product and main features
- Product design: Fast-track UI/UX created for the MVP.
- MVP: The first operational product that enabled the client to secure development funding.
- Scaling: Added trade processing capabilities and user compliance features.
Contents
It’s very notable that they were able to kind of challenge our views on how we should build trading software. (...) Also, the relationship that exists between their product owner and their development team is extremely good. If I were to start BLOC-X again, I would make the same choice in choosing Pragmatic Coders.
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