The World Federation of Exchanges Annual Clearing and Derivatives Conference, WFEClear, took place on 19-21 March in Madrid, Spain. Hosted by SIX and Bolsas y Mercados Españoles (BME), the 2024 event gathered industry experts, academics, policymakers, WFE member CCPs, and derivatives exchanges to share insights on the opportunities and challenges associated with the future of central clearing.
The agenda for this year delved into various topics such as recent and upcoming regulatory, market structure and clearing developments, the role and the potential effects of distributed ledger technology (DLT) on clearing, margin and other risk management practices, technology transformations and third-party management in post trade, and more.
Exactpro is delighted to have supported the conference as a Silver sponsor and meet attendees throughout the event to discuss how our AI-enabled software testing approach can help improve the operational resilience, stability, capacity, and availability of clearing and settlement, collateral management, market surveillance, and risk management systems, among others.
On 21 March, Iosif Itkin, CEO & co-Founder, Exactpro, participated in a panel discussion on "Opportunities And Challenges From IT Development And Third Party Management." During the session, speakers delved into the evolving landscape of post-trade operations, focusing on the impact of technology on CCP risk management practices. Additionally, the topics covered recent advancements in post-trade IT, the shift of CCPs to cloud service providers, and the strategies that clearing businesses will implement to adhere to regulatory standards for operational resilience.
Moderator: Dr. Alicia Greenwood, CEO, JSE Clear, Director of Post Trade Services, JSE
Speakers:
- Iosif Itkin, CEO & co-Founder, Exactpro
- Nancy Doyle, Senior Special Counsel, Commodity Futures Trading Commission (CFTC)
- Takeshi Shirakami, Deputy Head of the Secretariat of Committee on Payments and Market Infrastructures (CPMI), Bank for International Settlements (BIS)
- Vishal Thakkar, Chief Risk Officer, Options Clearing Corporation (OCC)
- Vikram Kothari, Managing Director, NSE Clearing, National Stock Exchange of India
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Software testing is an information service. Its goal is to provide stakeholders with objective information about the defects present in their system. Using AI in software testing can help harness the power of exploratory data analysis and big data analytics to enhance the generation of test ideas and the interpretation of test results. Smart execution capabilities can support full-scale AI adoption in software testing.
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About Exactpro
Exactpro is an independent provider of AI-enabled software testing services for financial sector organisations. Our clients are exchanges, post-trade platform operators, and banks across 20 countries. Our area of expertise comprises protocol-based testing of matching engines, market data, market surveillance, clearing and settlement systems, payments APIs. We help our clients to decrease time to market, maintain regulatory compliance, improve scalability, latency and operational resiliency. Exactpro is involved in a variety of transformation programmes related to large-scale cloud and DLT implementations at systemically important organisations.
Our approaches leverage artificial intelligence (AI) to help harness the power of exploratory data analysis and big data analytics to assist in the generation of test ideas and the interpretation of test results, supported by advanced execution capabilities of the th2 frameworks suite.
Founded in 2009, the Exactpro Group is headquartered in the UK and operates delivery centres in Georgia, Sri Lanka, Armenia, Lithuania and the UK and representative offices in the US, Canada, Italy and Australia.