[5 May 2021, London] – Exactpro, a leading software testing provider for mission-critical financial market infrastructures, today announces it has been chosen by LedgerEdge, the next-generation ecosystem for corporate bond trading, to deliver functional testing and ensure the resilience of LedgerEdge’s global corporate bond trading platform powered by distributed ledger technology.
LedgerEdge aims to revolutionise the $41 trillion corporate bond market by devising a new trading ecosystem, harnessing R3’s Corda system for distributed computing, that improves liquidity and provides greater transparency.
To assess and maintain the quality of LedgerEdge’s platform, Exactpro is developing a test library using the model-based capabilities of th2, Exactpro’s next-generation toolkit for automating functional and non-functional testing of distributed transaction processing systems.
As the project continues its pilot-phase in anticipation of the expected release during the second half of 2021, Exactpro has completed a functional requirements review at this early stage of the project and carried out functional touch testing of the components and applications delivered so far.
Commenting on the announcement, Alyona Bulda, Head of the Global Exchanges Division at Exactpro, said: “We are delighted to partner with LedgerEdge on such an ambitious and innovative project. The past year has highlighted the importance of operational resiliency and Exactpro continues to develop and deliver effective testing solutions in order to meet this growing demand.”
Robert Bose, Chief Technology Officer at LedgerEdge, commented: “We are passionate about delivering the future of corporate bond trading. As we get closer to launch, it’s necessary to have a trusted partner to help us test our operational resilience and ensure we can meet the demands of the market. Exactpro’s bespoke tools and methods will enable us to achieve this, and we are excited to see the results of our collaboration.”
Exactpro is a leading independent provider of software testing services for mission-critical technology that underpins global financial markets. The firm is experienced with trading, clearing and settlement platforms, market surveillance systems, market data systems, collateral and risk management systems, and post trade infrastructures. Exactpro provides functional and non-functional testing services to exchanges, clearing houses, securities depositories, trade repositories, digital exchanges, central banks, brokers, technology vendors and investment banks worldwide. Headquartered in the UK, Exactpro has over 630 staff members. Learn more at exactpro.com or follow us on LinkedIn and Twitter @exactpro.
LedgerEdge was founded in 2020 by an expert team of financial market and technology professionals to solve the fundamental challenges of discovering liquidity and executing trades without harmful data leakage in the corporate bond market. With the foundation of a distributed technology architecture, it will deliver a fundamentally better ecosystem and experience for finding data, sharing data, and executing trades. For more information, please visit our website, LinkedIn or Medium pages.