White papers

An Innovative Approach to Testing of Clearing and Settlement Systems

First and foremost, it is worth reviewing a typical clearing system infrastructure: there is a number of internal components, where each one is responsible for a variety of tasks, or possibly incorporates several tasks at a time. There is a significant amount of connections to the third-party systems, or in-house external systems, such as markets, market data providers, CSD, payment systems, and, of course, there is connectivity with clearing members. Having a lot of experience dealing testing such systems, the Exactpro team is used to encountering challenges on a daily basis. This paper focuses on the ones that are most prominent, and on the way Exactpro addresses them.

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A Test Harness for Algo Trading Systems

Turquoise is a unique lit and dark trading venue, offering a broad universe of over 43 hundred stocks with uniform access to 19 major European and emerging markets. Turquoise Block Discovery won the Most Innovative Trading Service in 2015. The Exactpro staff are responsible for market surveillance and the back office within Turquoise. Over the years, Exactpro has accumulated vast experience in testing the trading algorithms, constantly exploring its most interesting aspects and, as a result, truly having a lot to offer on the subject.

Victoria Leonchik, QA Analyst for Turquoise, Exactpro

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