Meeting the demanding new requirements imposed upon firms by SEC Regulation SCI is a key issue for many firms, especially in the areas of independent systems testing and certification. Tellefsen and Company, L.L.C. and Exactpro Systems (Exactpro) have today announced a marketing partnership in which both firms will collaborate to provide key industry constituents with market structure consulting, financial technology infrastructure testing and software quality assurance testing services.
Tellefsen is a management consulting firm founded in 1984 to provide counsel and professional services to meet the growing needs of the financial services industry. The firm's principals and consultants have a wealth of experience in regulatory compliance and U.S. market infrastructure (exchanges, ATS, dark pools etc). One of Tellefsen's core competencies has been is assisting firms with their regulatory compliance requirements through technology analysis, planning, testing and evidencing.
Exactpro is a rapidly growing quality assurance services firm specializing in market infrastructure. Exactpro provides both functional and non-functional testing for global exchanges, dark pools and clearing houses using a range of sophisticated in-house built testing and evidencing tools.
John Rapa, President and CEO of Tellefsen indicates: 'The implementation of Reg SCI is another example of market regulations where market participants must provide evidence of their comprehensive infrastructure testing, policies and procedures and market oversight compliance. We are delighted to team up with Exactpro whom we know from other customer engagements. We are very impressed by their capabilities, diligence and effectiveness in planning, executing and evidencing tests that prove regulatory compliance'.
Iosif Itkin, Co-Founder of Exactpro says: 'We believe that our firm has a great set of tools and services to help clients meet Regulation SCI in a cost effective manner. We are very conversant with this domain and delighted to be working with Tellefsen on this; our two firms' capabilities are entirely complementary'.
For further information: presentation "Software Quality Assurance in Russia for Global Financial Markets".