- Introduction
- Delivering Large Post-Trade Initiatives: Key Challenges
- Project Requirements: Collateral Deficit, Delivery Default, Corporate Action Testing Scenarios
- Addressing complexity: Testing Complex Multistep Scenarios
- Addressing Complexity: Testing Risk Calculation Algorithms
- Exhaustive Test Coverage with a Substantial Number of Test Scenarios in a Regression Cycle
- Addressing Complexity: System Modelling
- Delivering Large Post-Trade Initiatives: A Holistic Integrated Automated Test Solution
Introduction
Testing in Post Trade is complicated by the high volume of transaction data, a high number systems and parties involved, as well as the need for strict regulatory compliance. The latter includes compliance with the settlement cycle and other timeframes inherent to the post-trade systems lifecycle. Software testing in post trade helps ensure the accuracy, efficiency, and compliance of financial transactions after their execution. Exactpro’s test frameworks are fine-tuned to post-trade system specifics and allow for efficient quality assessment of various kinds of their local and global implementations and settlement cycle standards. This case study can be used as reference material showcasing Exactpro’s post-trade technology testing capabilities.
Delivering Large Post-Trade Initiatives: Key Challenges
A clearing system has highly complex features requiring a high degree of accuracy and skilled resources:
- reference data;
- risk management;
- schedule (explained further).
There are also external parties that contribute to the complexity:
- markets;
- participants with different types of connections;
- settlement and payment systems;
- market data providers, and interventions from the operations team.
