Benchmade Ventures revolutionizes bond trading with GeneXus
Benchmade Ventures is a North America-based venture capital fund focused on generating high risk-adjusted returns for its investors by identifying unique opportunities generally unavailable through traditional investment channels.
In its quest to improve its bond trading operations, Benchmade Ventures decided to develop an innovative application.
To achieve this, they turned to GeneXus, the Low-Code software development platform for enterprises that leverages the power of Artificial Intelligence to automate and simplify the creation, evolution, and maintenance of software solutions in any environment.
GeneXus allowed them to create a secure and intelligent trading application in record time. Unlike other platforms that would have required 6 to 8 months to develop a similar solution, with GeneXus, they were able to design and launch their application in just a few weeks, reducing development costs by up to 70%.
The system features an intuitive and interactive user interface, enabling real-time transactions. Additionally, it is integrated with CUSIP (Committee on Uniform Securities Identification Procedures), an alphanumeric code used to identify financial securities issued in the United States and Canada. This integration facilitates the processing and settlement of transactions, allowing traders to receive trading recommendations and negotiation options that can be executed simply and efficiently.
The application also offers full transactional capabilities, incorporating a proprietary matching algorithm developed by Benchmade Ventures, which optimizes the trading process and provides users with an advanced and efficient trading experience.
Thanks to GeneXus, Benchmade Ventures has revolutionized its bond trading approach, offering its investors a powerful and accessible tool to capitalize on new opportunities in the financial market.
To achieve this, they turned to GeneXus, the Low-Code software development platform for enterprises that leverages the power of Artificial Intelligence to automate and simplify the creation, evolution, and maintenance of software solutions in any environment.
GeneXus allowed them to create a secure and intelligent trading application in record time. Unlike other platforms that would have required 6 to 8 months to develop a similar solution, with GeneXus, they were able to design and launch their application in just a few weeks, reducing development costs by up to 70%.
The system features an intuitive and interactive user interface, enabling real-time transactions. Additionally, it is integrated with CUSIP (Committee on Uniform Securities Identification Procedures), an alphanumeric code used to identify financial securities issued in the United States and Canada. This integration facilitates the processing and settlement of transactions, allowing traders to receive trading recommendations and negotiation options that can be executed simply and efficiently.
The application also offers full transactional capabilities, incorporating a proprietary matching algorithm developed by Benchmade Ventures, which optimizes the trading process and provides users with an advanced and efficient trading experience.
Thanks to GeneXus, Benchmade Ventures has revolutionized its bond trading approach, offering its investors a powerful and accessible tool to capitalize on new opportunities in the financial market.