Itiviti, a world-leading technology provider for the capital markets industry, and the Canadian Securities Exchange (CSE), the modern and efficient alternative for companies looking to access the Canadian public capital markets, have partnered to deliver a state-of-the-art automated testing solution to enable continuous integration testing and defect reporting in the CSE's multi-protocol trading environment.
To deliver the solution, CSE deployed VeriFIX by Itiviti, the industry standard in automated testing, with multiple FIX protocol versions as well as proprietary binary protocols in order to implement full regression testing of order entry, market data feeds, and regulatory requirements for the CSE Trading System. This full regression testing suite facilitates validation of complete trading workflows across all protocols and interfaces.
"Itiviti has enabled CSE to regression test our platform and receive automation quality benefits both of which has added operational efficiencies to our release cycles," said David Timpany, Vice President, Technology & Operations for CSE. "Our regression testing time frame has been reduced from multiple people for four weeks to an overnight automated test run with defect report generation. With next day feedback to our development team, we have dramatically decreased the defect turnaround timeframe. These improvements will help us to continue offering our clients a competitive advantage in the marketplace."
Multi-protocol technologies are a top priority at Itiviti. Itiviti's solutions support both industry standard and proprietary protocols and are available for firms looking to redesign or scale-up their trading technology for future client demand.
"We are pleased to continue to partner with CSE to accelerate deployment of CSE's Trading System and help achieve cost and system efficiencies," said Jesper Alfredsson, President Americas, Itiviti. "Our work with CSE is another example of how Itiviti can help achieve test automation for FIX and proprietary protocols."
Firms that invest in multi-protocol technologies will be the leaders in offering high quality, reliable market access for a broader range of market participants.