Codaxy

What was the scope of their involvement?

One of Codaxy’s main tasks was to create a portal that can expose plug and play function to the customer and provide all the metrics and changes that we previously provided on our side. It’s a self-service type of portal that takes a lot of the work off of our hands.

For the online portal, they’re using Angular. They’re adding several valuable functionalities, such as the capability for a customer to see the metrics of their network. It allows the customer to make changes that use to require 1-2 weeks’ time for us to achieve. Now they can be done within 5 minutes.

Additionally, they added a lot of dashboards in which you can see what the network is holding, which our customers had no access to before. Now they can see how much traffic there is and a lot more functions.

Most recently, we’ve been using them to build a new sales portal for us. Our solutions are going to continuously grow with multiple products and functionalities. We have at least another year with them on this project, and we look forward to working with them.

What is the team composition?

We have a project manager, a scrum master, developers, testers, and QA specialists.

How did you come to work with Codaxy?

During a holiday trip, my network architect heard about the successes that Codaxy had with other customers from the owner, himself. We invited their team to our office and ran a small demo with them and looked at their portfolio. After a successful talk, we took a leap of faith and invited Codaxy onto our team. We decided to onboard them and have been working with successfully them ever since.

How much have you invested with them?

We’ve invested €500,000 (approximately $550,000 USD).

What is the status of this engagement?

We started working together in November 2018 and our work is ongoing.

What was the scope of their involvement?

We wanted to create the whole package for brokerage houses. That includes frontend applications to issue the trading orders in the system to communicate in real-time with our trading engines. We also wanted to have a middle office and a back office which incorporates the reports and the accounting. It's a web-based application which uses their own framework, XJS (now CxJS). It's very efficient. It doesn't require brokers to have their own servers as it's web-based.

They also give us support with our web pages, content management systems, etc. It's not only the broker office software; it’s about the multilateral debt offsetting platform. Now, we're also building a huge application for accounting and portfolio management for investment funds.

What is the team dynamic?

In the beginning, they had a smaller team, but it grew significantly since we've started working with them. Now, we have 10–15 developers and web designers. Marko and Igor [Co-Founder/Co-Owner, Codaxy] who founded Codaxy are the senior developers that started their own business, and they managed to recruit much younger developers who must be very skilled to work with them. They have really broad knowledge not only about the problem but also in general; they are very well educated.

How did you come to work with Codaxy?

Banja Luka is not a huge city and we are always looking for the best developers in our town. We found out about Codaxy through the IT faculty. They won a bronze medal in programming back in Beijing 15 years ago. We received several recommendations so start working with them.

How much have you invested with them?

We've spent not more than 30,000 euros a year [$36,300].

What is the status of this engagement?

We've been working with them in January 2010. In one year, we signed contracts with the first brokerage houses here. Now, all brokerage houses have signed license agreements with Banja Luka Stock Exchange.