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PlexTrac

An AI-powered platform for penetration test reporting and real-time threat exposure management, used by Fortune 500 companies.

Services utilized

Software Engineering

Scope of work

Staff Augmentation React Development

01. Overview

CMG, a fintech startup connecting buy‑ and sell‑side participants in U.S. equity capital markets, needed a secure, scalable digital platform to streamline underwriting workflows and data analytics. OAK’S LAB optimized their MVP, built CMG XC™ and CMG DataLab™, and helped scale their engineering team, enabling CMG to serve 140+ buy‑side clients managing $40 trillion+ and 20 sell‑side partners covering 70% of market activity.

02. Client background

Founded in 2015 by Greg Ingram, Mike Wilcox, and Stamo  Hadjiyski, veterans of equity capital markets, CMG built a SaaS platform to eliminate outdated, manual processes across underwriting and investment workflows. CMG XC™ and CMG DataLab™ connect major banks, asset managers, and underwriters, providing real-time data, transparency, and collaboration on a centralized platform. Its user base includes over 140 buy-side firms managing more than $40 trillion, as well as nine of the top 10 U.S. asset managers. OAK’S  LAB has been CMG’s software development partner since 2017.

03. Challenge

CMG’s early MVP, built by an outsourced team, faced critical issues around stability, performance, security, and workflow inefficiencies, unsuitable for rigorous financial institution requirements.

They needed an enterprise-grade solution capable of handling sensitive data at scale, enforcing compliance, enhancing user experience, and supporting both buy-side and sell-side integration.

04. Solution

We assembled a dedicated team of senior engineers to overhaul CMG’s platform.

Comprehensive codebase evaluation

We audited and refactored the existing MVP to meet enterprise standards of performance, reliability, and maintainability.

Security hardening

Built in secure development practices and compliance controls essential for regulated financial environments.

Modular architecture using React.js

Created clean, intuitive, and performant UIs that improved usability for both investment managers and underwriters.

Feature development of core products:

CMG  XC™

A centralized workflow tool for managing public offering launches, order book creation, and allocation confirmation.

CMG  DataLab™

Real‑time analytics dashboard delivering market intelligence, trends, and historical data for decision‑making.

We maintained ongoing collaboration with CMG’s internal product leadership, working closely to continuously iterate and deploy features that aligned with evolving market needs.

05. Outcome

Enterprise‑ready platforms launched

CMG  XC™ and CMG  DataLab™ now support 140+ buy‑side firms with over $40  trillion in assets and 20+ sell‑side partners covering 70% of U.S. market activity.

Seamless workflows and data transparency

CMG’s platform automates previously manual processes, reducing errors, increasing speed, and fostering deeper trust among participants.

Engineering team scaled effectively

OAK’S LAB assisted in growing CMG’s in‑house tech operations, establishing a team of 25+ product builders in Brno, Czech Republic.

Market leadership secured

The upgraded platforms have established CMG’s position as a fintech innovator at the forefront of capital markets infrastructure.

Ready to upgrade your financial product to enterprise scale?

Reach out to discover how OAK’S  LAB can help increase efficiency, scale your team, and launch secure, market-leading SaaS platforms tailored to your industry.

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