Exchange-grade systems

Trading platform development

A trading platform development company for brokers, fintechs and trading desks. We build what sits underneath the screen: order management, execution, matching, the broker connections and the reconciliation that proves every position is right.

All services

Typically built with

  • Python
  • Ruby on Rails
  • Kafka
  • Redis
  • PostgreSQL
  • Broker / Exchange APIs

Scope

What does a trading platform development company build?

THWorks builds the systems a trade passes through after someone presses buy. The order management system checks it, the execution layer routes it to a broker or exchange, a matching engine fills it if you run the venue, and reconciliation proves afterwards that every fill, fund and position agrees.

Most of the work is in the guarantees rather than the screens. An order is processed once, in a fixed sequence, and the state of the book can be rebuilt from its event log after a crash. Risk checks run before an order leaves rather than after it fills. We have built this for a centralised crypto exchange (WazirX), for decentralised exchanges (tanX and ShibaSwap), for QuantLeap’s multi-broker algo-trading platform, and for TraderOps, our own execution platform. Our founder came to it from Multipli.fi, where he was lead product engineer on the matching engine, trade executor and OMS.

  • Order and execution management (OMS and EMS)

    One system that takes an order from entry, through pre-trade risk checks, to routing and fills. Orders don’t live in one tool and execution in another, so the desk always looks at a single state.

  • Matching engines

    Price-time priority with deterministic ordering, no double fills, and a book that rebuilds from its event log after any failure.

  • Broker and exchange integrations

    Order placement, market data and fills across brokers, exchanges and MetaTrader 5 setups, behind one broker-agnostic layer. When a broker changes its API, one adapter changes and the strategies don’t.

  • Crypto and on-chain trading

    Exchanges, DEXs and the settlement between them, for a market that never closes and has no overnight window for maintenance.

  • Algo-trading infrastructure

    Backtest, paper-trade and run live on the same engine, so a strategy behaves the same way in all three. Kill switches, per-strategy capital limits and daily position guards come with it.

  • Reconciliation and risk dashboards

    Trades, funds and statements matched automatically, with breaks surfaced the same day instead of at month-end.

Correct under load

A book is simple to draw and unforgiving to build.

Two sides, a spread, and a rule for who gets filled first. All of the difficulty is in the guarantees around it: deterministic ordering, no double fills, and a state that can be rebuilt from the event log after any failure.

order book · sample

THW-PERPprice · size
  • 104.9042.0
  • 104.7031.0
  • 104.5018.0
  • 104.3012.0
  • 104.106.0
104.00spread 0.20
  • 103.909.0
  • 103.7015.0
  • 103.5024.0
  • 103.3033.0
  • 103.1047.0

Illustrative · not market data

Load is not steady and the system has to be correct at the peak, not on average. The guarantees are written for the worst minute of the day.

Matching, order management, market data — and the audit trail under all of it.

How the work runs

How a trading platform build runs

Trading and financial systems fail expensively, so we engineer for correctness, auditability, and low-latency reliability first — with the operational tooling desks and back-offices actually need to run.

  1. Model the financial domain precisely: instruments, orders, positions, ledgers

  2. Design the execution path for correctness first, then latency

  3. Build idempotent, event-driven pipelines with Kafka / Redis for throughput

  4. Instrument everything — positions, fills, risk, and reconciliation visible in real time

How it gets built

Correct first, then fast.

Ordering, idempotency and replay get settled before anything is optimised, because a fast system that double-fills is worthless.

Before you ask

Questions we get.

  • How much does trading platform development cost?

    It depends on what the platform has to do, and four things move the price most. How many brokers or venues you connect to, since each behaves differently and has to be normalised. Whether you need a matching engine of your own or route orders to someone else’s. How much risk and compliance logic runs before an order leaves. And how much history the system must reconcile against. A single-broker execution tool is a much smaller build than a venue, and most projects sit somewhere between the two. THWorks prices the job rather than the hours: after a scoping call you get a fixed price for the agreed scope, settled before the work starts. If a new feature or another broker comes up midway, that change is priced and agreed with you before it is built, so the total never moves without your say.

  • Can you build one OMS and EMS instead of two separate tools?

    Yes. A lot of desks end up with orders managed in one product and execution handled in another, often a tool their broker supplied, and the gap between the two is where positions drift and nobody is sure which screen is right. THWorks builds them as one system. An order is entered, checked against limits, routed and filled in a single flow, and every step writes to the same event log. That log is what lets a desk replay a day, rebuild state after a failure, and answer an auditor without exporting spreadsheets. If you want to keep an existing broker or venue, it becomes one connection behind that layer rather than a second system to watch. TraderOps, the execution platform we run ourselves, is built this way, from strategy to order to fill.

  • Can you build a crypto exchange or a crypto execution engine?

    Yes, on both sides. We have worked on WazirX, a centralised crypto exchange out of India, and on the decentralised exchanges tanX and ShibaSwap, as well as Bru Finance, a DeFi lending protocol. The parts that decide whether a crypto venue holds up are the ones equities share: matching, risk and settlement. Two things change the engineering. The market never closes, so there is no overnight window for maintenance or batch jobs, and everything has to be upgradeable while it runs. And on-chain settlement has its own finality rules, which the off-chain order book has to respect. An execution engine for a crypto desk, routing orders across exchanges rather than running one, is a smaller build, and it is where most teams start.

  • Can you build a matching engine?

    Yes. Our founder was lead product engineer at Multipli.fi, on the matching engine, trade executor and OMS, and we build matching as a production system rather than a prototype. The engine itself is short. What takes the time is the set of guarantees around it: orders processed in a deterministic sequence, so the same inputs always give the same fills; no order ever filled twice, even when a message arrives twice; and a book that can be rebuilt exactly from its event log after any crash. Price-time priority is the usual rule, and other rules are a configuration of the same core. Matching is where correctness under load is the whole job, so besides unit tests it gets tested by replaying real order flow through it.

  • Which brokers and exchanges can you connect to?

    TraderOps, the execution platform we built and run, connects to eight Indian brokers today: Zerodha, AliceBlue, Tradejini, Zebu, Dhan, Delta, Kotak Neo and Motilal Oswal. QuantLeap, an algo-trading platform we built for a client, executes across multiple Indian brokers from one platform, and we have built a MetaTrader 5 integration for MT5 broker setups. All of it sits behind a broker-agnostic layer that normalises how each broker names orders, reports fills and fails, so adding a broker does not disturb the ones already live. For a broker or exchange we have not connected before, the work is the same shape: read the API, model where it behaves oddly, and put it behind the same layer. On a scoping call we can say how much of a given connection already exists.

  • Do you build stock and options trading software for Indian markets?

    Yes. Indian equities and F&O are the market we know best. We are a Bengaluru team, and two of our trading systems run on it. TraderOps lets a trader backtest a strategy, paper-trade it and run it live on the same engine, with trigger prices kept paisa-exact between the three modes. QuantLeap, built for a client on AWS serverless, runs automated options and equity strategies across multiple Indian brokers, with stops that account for circuit limits. The specifics of Indian markets are built in rather than bolted on: exchange circuit limits, broker-specific order types, and the way each broker reports fills. If you need the same for other markets, the engine stays and the broker layer changes.

  • Do you handle reconciliation and compliance?

    Yes for reconciliation, and for the compliance tooling around it. We build reconciliation engines that match trades, funds and statements automatically, so a break surfaces the same day instead of at month-end, with an audit trail behind every order and every change to it. Compliance is a different question. We build the mechanisms a compliance process relies on, such as audit logs, pre-trade checks and access controls, but THWorks holds no regulatory licence or certification. Whether a platform meets SEBI, FCA or other rules is decided by your compliance team and your auditors, and we build to what they specify.

  • Is this overkill if I just need a trading bot?

    Probably. A single strategy running against one broker’s API is a smaller job, and an off-the-shelf tool may already cover it. If it does, we will say so on the call. This work is for the systems underneath a desk or a venue, such as order and risk management, matching and reconciliation, where being wrong once costs real money and the load is real. A good middle ground is often an execution tool: one strategy engine with proper risk limits, which can grow into a platform later.

Tell us what you are building.