Exactpro, a leading provider of quality assurance (QA) services for market infrastructures, is pleased to announce that a team of its QA consultants has completed a review of testing processes for the NextGen Post Trade Programme that is underway at Hong Kong Exchanges and Clearing Limited (HKEX) and delivered a set of test strategy recommendations for Phase 1 of the programme.
The NextGen Post Trade Programme will help strengthen HKEX’s competitive advantages amid a rapidly changing business, technology and regulatory environment. With this programme, HKEX is undertaking a comprehensive upgrade of its post-trade infrastructure across all of its business processes and systems. The revitalisation of HKEX post-trade infrastructure is a multi-year programme and will be delivered in phases. Phase 1 includes the implementation of a Multi Asset Single Risk Engine for the securities market, a Data Warehouse and Business Intelligence tools.
“Thorough testing is important for a smooth launch of our new platform, and we are delighted to have engaged Exactpro to provide their expert advice on how we can utilise current best practices," said Christian Sjøberg, HKEX Managing Director and Head of Platform Development.
“The long-term test strategy recommendations we have delivered are built on our extensive experience in testing of complex Financial Markets Infrastructures and cover the key ingredients necessary for the establishment of effective testing processes for the kinds of systems we deal with, particularly in the post-trade space," says Alexey Zverev, co-CEO at Exactpro. "We are delighted to have had an opportunity to share our testing expertise and look forward to working with HKEX again in the future.”
Exactpro is a specialist firm currently employing over 560 staff focused on functional and non-functional testing and software development of systems that process wholesale financial products across many asset classes, such as trading and clearing systems, risk management, market surveillance, securities data distribution and Post-Trade infrastructures. These services are offered to exchanges, investment banks, brokers, technology firms and other financial sector organizations worldwide. Exactpro is an independent company owned by its management team following the recent buyout from the London Stock Exchange Group. Learn more at www.exactpro.com