Itiviti, a world-leading technology provider for the capital markets industry, today announced that the Canadian Securities Exchange (CSE) has engaged Itiviti to implement a test automation solution that leverages VeriFIX by Itiviti. This project is a significant example of Itiviti’s leadership and expertise in consolidated, automated testing for multi-protocol trading environments.

The CSE, The Exchange for Entrepreneurs®, offers trading services for more than 325 uniquely listed securities. In 2007, the CSE pioneered multi-market continuous auction market trading in Canada.

The CSE selected VeriFIX, the industry standard in automated protocol and functional testing, in order to implement a fully automated regression testing solution that covers order entry, regulatory requirements, and market data feeds for the CSE platform. Itiviti’s Services team has worked with the CSE’s experts to develop a customized regression testing suite that enables hands-free test automation across all protocols and interfaces.

“We chose Itiviti for their best in-class technology and expertise to obtain a competitive advantage in the marketplace,” said David Timpany, Vice President, Technology & Operations, CSE. “With automated testing using VeriFIX, we can dramatically reduce our time to deployment while leveraging a full suite of multi-session automated regression testing across three different protocols.”

“We are pleased to partner with the Canadian Securities Exchange to help them achieve cost and operational efficiencies,” said Jesper Alfredsson, President Americas, Itiviti. “Our work with the CSE is a prime example of VeriFIX potential to achieve test automation for both FIX and proprietary protocols. We believe that firms who invest in test automation technologies will be leaders in offering high quality, reliable market access for their customers and market participants.”