Reinvention story

Benchmade Ventures:
Revolutionizing Bond Trading with GeneXus App

From Vision to Reality: Empowering Bond Traders with Tech & Vision

Benchmade Ventures, a North American-based venture capital fund investment in multiple sectors, needed to build and launch a new app for their close net of bond dealers to allow these traders to safely and securely trade their bond positions through an "OTC trading platform" outside the market.

Leveraging the power of GeneXus, our Software Development Platform powered by AI, Benchmade Ventures launched its app in a few weeks, cutting down development costs by as much as 70%.

the challenge

Benchmade Ventures needed a Smart Trading App

The applications needed securities, also called CUSIPs, which had to be available for traders to provide their selling and buying positions. Benchmade Ventures matching algorithms would provide recommendations and trading options that can be easily executed.

Benchmade Ventures had a limited budget for this new app and wanted a faster (less than three months) time frame for their first release via a low-code platform. They also wanted to retain the code foundation, to be repurposed and reused for similar applications to be developed for other types of securities.

our approach

Quick Launch: GeneXus Cuts Costs

A soup-to-nuts application with capabilities that allow real-time transactions and with a direct financial impact could take anywhere from 6 to 8 months from ideation to launch. GeneXus' low-code platform combines its capabilities of generating low code and integrating design front-end (Figma) and back-end API platforms for a faster time to market and easy reusability. Additionally, more rapid application development and launch means GeneXus can save as much as 70% of the development costs.

the impact

User-First: Benchmade's Ventures Gem

With a world-class, highly interactive, intuitive user interface, a full-fledged application is ready for Benchmade Ventures dealers to leverage within 3.5 months. Full transactional capabilities are being provided in the app, integrating it with a proprietary matching algorithm provided by Benchmade Ventures.