Technical User Group
Paris, 6 October 2016
Agenda
• Introduction
• London Stock Exchange Derivatives Market & IDEM - New Version for SOLA
• London Stock Exchange Group - GTP Updates
• Borsa Italiana - MIT R9.0 (incl. RFQs)
• London Stock Exchange / Turquoise Equities - MIT R9.1 (incl. RFQs)
• London Stock Exchange Group – TRADEcho
• London Stock Exchange - MITCH Decommissioning
• Exactpro - Overview
• Q & A Session
High Frequency Trading Infrastructure and Quality AssuranceIosif Itkin
This document discusses high frequency trading infrastructure and quality assurance. It covers various issues that can arise such as "fat finger" errors, flash crashes, and system failures. It provides examples of past events like the Facebook IPO mishap on NASDAQ and Knight Capital's $460 million loss due to a software bug. Ensuring system reliability, monitoring for risks, and having proper safeguards in place like circuit breakers are important topics covered.
Tellefsen and Exactpro Systems Team Up to Help Clients with REG SCI
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. (Tellefsen) and Exactpro Systems,
LLC (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: “Our firm has a great set of tools and services that
we believe can help clients meet Regulation SCI in a cost effective manner. We are very
conversant with this domain and are delighted to be working with Tellefsen on this; our two
firms’ capabilities are entirely complementary”.
EXTENT-2016: Key Challenges and Lessons Learned from Testing a New Trading Sy...Iosif Itkin
EXTENT-2016: Software Testing & Trading Technology Trends
22 June, 2016, 10 Paternoster Square, London
Key Challenges and Lessons Learned from Testing a New Trading System
Dr. Matthias Burghardt, Head of Business Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extent2016
#exactpro
High Frequency Trading Infrastructure and Quality AssuranceIosif Itkin
This document discusses high frequency trading infrastructure and quality assurance. It covers various issues that can arise such as "fat finger" errors, flash crashes, and system failures. It provides examples of past events like the Facebook IPO mishap on NASDAQ and Knight Capital's $460 million loss due to a software bug. Ensuring system reliability, monitoring for risks, and having proper safeguards in place like circuit breakers are important topics covered.
Tellefsen and Exactpro Systems Team Up to Help Clients with REG SCI
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. (Tellefsen) and Exactpro Systems,
LLC (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: “Our firm has a great set of tools and services that
we believe can help clients meet Regulation SCI in a cost effective manner. We are very
conversant with this domain and are delighted to be working with Tellefsen on this; our two
firms’ capabilities are entirely complementary”.
EXTENT-2016: Key Challenges and Lessons Learned from Testing a New Trading Sy...Iosif Itkin
EXTENT-2016: Software Testing & Trading Technology Trends
22 June, 2016, 10 Paternoster Square, London
Key Challenges and Lessons Learned from Testing a New Trading System
Dr. Matthias Burghardt, Head of Business Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extent2016
#exactpro
Innovation in Quality Assurance – What is the Impact on Trading technology?Iosif Itkin
Agile methodologies and the death of software testing.
Can finance industry adopt the same formal methods that allowed NASA to reach Pluto?
Lessons learned from the Terminator/BS Galactica and the next generation of risk controls.
What is crowd-sourced verification in the age when machines rule the market?
Cognitive technologies and building test harness for algo trading systems.
Reconciliation Testing Aspects
Elena Moiseeva, QA, Exactpro
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
EXTENT-2015: Quality Assurance in Russian NSDIosif Itkin
Quality Assurance in Russia's National Settlement Depository (NSD)
Pavel Andrianov, National Settlement Depository
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
The next generation of testing tools for exchangesIosif Itkin
The document discusses the evolution of financial exchange testing tools, from generic tools with limited functionality to next-generation tools that integrate more advanced testing methods. It provides examples of several next-generation testing tools that have been developed, including ClearTH, Minirobots, Dolphin, Shsha, Load Injector, and Sailfish. Each tool has unique features for testing different aspects of exchanges, such as order entry, market data connections, post-trade processing, and system load and performance. The document emphasizes that next-generation tools allow more comprehensive testing through integrated testing of multiple functions and automated generation of test scenarios and reports.
EXTENT-2016: MiFID 2 Compliant Fixed Income SOR SystemIosif Itkin
The document discusses GATElab's MiFID II-compliant fixed income smart order routing (SOR) system. It aims to provide transparency on non-equity markets by aggregating liquidity from multiple venues and counterparties. The system matches customer orders to aggregated liquidity, stores real-time activity snapshots for transparency, and publishes post-trade reporting. It supports a large range of fixed income products and implements best execution and its rules.
EXTENT-2017: Implementation of MiFID II Testing Requirements by Trading Venue...Iosif Itkin
EXTENT-2017: Software Testing & Trading Technology Trends Conference
29 June, 2017, 10 Paternoster Square, London
Implementation of MiFID II Testing Requirements by Trading Venues and Investment Firms
Matthias Burghardt, Head of Xitaro Exchange System Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extentconf
#exactpro
Reconciliation Testing Aspects of Trading Systems Software FailuresIosif Itkin
Предварительный сборник трудов 8-ого весеннего/летнего коллоквиума молодых исследователей в области программной инженерии (SYRCoSE 2014) в Санкт-Петербурге - ISBN 978-5-91474-020-4, c. 125-129
Anna-Maria Kriger, Kostroma State Technological University
Alyona Pochukalina, Obninsk Institute for Nuclear Power Engineering
Vladislav Isaev, Yuri Gagarin State Technical University of Saratov
Exactpro Systems
EXTENT-2015: MiFID II Projected Impact on Trading TechnologyIosif Itkin
MiFID II / MiFIR: Projected Impact on Trading Technology and QA Challenges
Pavel Sigov, Exactpro, Moldova
11 Nov 2015
EXTENT Trading Technology Trends & Quality Assurance Conference in St.Petersburg, Russia
1) The bank needed to comply with FATCA regulations by updating its IT systems. It hired TGSL as a testing partner to help with compliance testing and implementation.
2) TGSL developed a framework to identify high-risk areas impacted by FATCA, design test scenarios, and ensure functional coverage. This included testing new customer fields, tax withholding, and report generation.
3) Testing found 25% high severity and 40% medium severity defects. 35% of defects were in critical areas, avoiding post-production issues. All testing was completed on schedule.
The document discusses the upcoming changes from MiFID to MiFID II and the need for financial institutions to prepare. MiFID II will significantly broaden the scope of the original MiFID directive and introduce stricter requirements around areas like transparency, reporting, and investor protection. It will require major changes to infrastructure, business models, and data governance. Financial institutions should start assessing the impacts and ensuring compliance with the new regulations, which take effect in January 2017. They need to integrate preparation for MiFID II into a unified regulatory change program to avoid duplication of efforts across different regulations.
The document discusses the new regulatory requirements under MiFID II for monitoring, reporting, and surveillance of trade execution. It introduces Corvil as a streaming analytics platform that provides real-time monitoring, order record keeping, trade reconstruction, and surveillance to help firms meet their MiFID II obligations. Corvil captures precision UTC-synchronized trade execution data across multiple systems using non-intrusive monitoring APIs and sensors to provide a comprehensive view of order lifecycles while minimizing changes to existing trading infrastructure.
The document discusses Thomson Reuters' solutions and services to help clients comply with the Markets in Financial Instruments Directive (MiFID II). It describes how Thomson Reuters provides data, solutions, and expertise to support obligations related to pre- and post-trade transparency, trading venues, systematic internaliser determination, approved publication arrangements and publication services, reference data, transaction reporting and record keeping, investor protection, best execution, high frequency trading and structural change, research permissioning and unbundling, and regulatory automation and workflow mapping. It also outlines Thomson Reuters' MiFID II capabilities and solutions, including various Thomson Reuters products and services, and provides contact information.
This document discusses non-functional testing approaches for financial markets software. It describes the structure of non-functional testing teams, how to prepare tests by configuring load injectors and defining load shapes, and the types of non-functional tests performed, including latency measurements, capacity tests, DLC testing, failover testing, and other approaches to evaluate system performance under stress conditions.
Fibromyalgia is a condition characterized by widespread pain, tenderness, and other symptoms. It is incurable but can be managed through treatments and lifestyle changes. The document provides an overview of fibromyalgia including facts, causes, symptoms, diagnosis, treatments, and management of pain and fatigue. It explores links to depression, effects on children and teenagers, and discusses why fibromyalgia is often misdiagnosed.
Innovation in Quality Assurance – What is the Impact on Trading technology?Iosif Itkin
Agile methodologies and the death of software testing.
Can finance industry adopt the same formal methods that allowed NASA to reach Pluto?
Lessons learned from the Terminator/BS Galactica and the next generation of risk controls.
What is crowd-sourced verification in the age when machines rule the market?
Cognitive technologies and building test harness for algo trading systems.
Reconciliation Testing Aspects
Elena Moiseeva, QA, Exactpro
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
EXTENT-2015: Quality Assurance in Russian NSDIosif Itkin
Quality Assurance in Russia's National Settlement Depository (NSD)
Pavel Andrianov, National Settlement Depository
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
The next generation of testing tools for exchangesIosif Itkin
The document discusses the evolution of financial exchange testing tools, from generic tools with limited functionality to next-generation tools that integrate more advanced testing methods. It provides examples of several next-generation testing tools that have been developed, including ClearTH, Minirobots, Dolphin, Shsha, Load Injector, and Sailfish. Each tool has unique features for testing different aspects of exchanges, such as order entry, market data connections, post-trade processing, and system load and performance. The document emphasizes that next-generation tools allow more comprehensive testing through integrated testing of multiple functions and automated generation of test scenarios and reports.
EXTENT-2016: MiFID 2 Compliant Fixed Income SOR SystemIosif Itkin
The document discusses GATElab's MiFID II-compliant fixed income smart order routing (SOR) system. It aims to provide transparency on non-equity markets by aggregating liquidity from multiple venues and counterparties. The system matches customer orders to aggregated liquidity, stores real-time activity snapshots for transparency, and publishes post-trade reporting. It supports a large range of fixed income products and implements best execution and its rules.
EXTENT-2017: Implementation of MiFID II Testing Requirements by Trading Venue...Iosif Itkin
EXTENT-2017: Software Testing & Trading Technology Trends Conference
29 June, 2017, 10 Paternoster Square, London
Implementation of MiFID II Testing Requirements by Trading Venues and Investment Firms
Matthias Burghardt, Head of Xitaro Exchange System Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extentconf
#exactpro
Reconciliation Testing Aspects of Trading Systems Software FailuresIosif Itkin
Предварительный сборник трудов 8-ого весеннего/летнего коллоквиума молодых исследователей в области программной инженерии (SYRCoSE 2014) в Санкт-Петербурге - ISBN 978-5-91474-020-4, c. 125-129
Anna-Maria Kriger, Kostroma State Technological University
Alyona Pochukalina, Obninsk Institute for Nuclear Power Engineering
Vladislav Isaev, Yuri Gagarin State Technical University of Saratov
Exactpro Systems
EXTENT-2015: MiFID II Projected Impact on Trading TechnologyIosif Itkin
MiFID II / MiFIR: Projected Impact on Trading Technology and QA Challenges
Pavel Sigov, Exactpro, Moldova
11 Nov 2015
EXTENT Trading Technology Trends & Quality Assurance Conference in St.Petersburg, Russia
1) The bank needed to comply with FATCA regulations by updating its IT systems. It hired TGSL as a testing partner to help with compliance testing and implementation.
2) TGSL developed a framework to identify high-risk areas impacted by FATCA, design test scenarios, and ensure functional coverage. This included testing new customer fields, tax withholding, and report generation.
3) Testing found 25% high severity and 40% medium severity defects. 35% of defects were in critical areas, avoiding post-production issues. All testing was completed on schedule.
The document discusses the upcoming changes from MiFID to MiFID II and the need for financial institutions to prepare. MiFID II will significantly broaden the scope of the original MiFID directive and introduce stricter requirements around areas like transparency, reporting, and investor protection. It will require major changes to infrastructure, business models, and data governance. Financial institutions should start assessing the impacts and ensuring compliance with the new regulations, which take effect in January 2017. They need to integrate preparation for MiFID II into a unified regulatory change program to avoid duplication of efforts across different regulations.
The document discusses the new regulatory requirements under MiFID II for monitoring, reporting, and surveillance of trade execution. It introduces Corvil as a streaming analytics platform that provides real-time monitoring, order record keeping, trade reconstruction, and surveillance to help firms meet their MiFID II obligations. Corvil captures precision UTC-synchronized trade execution data across multiple systems using non-intrusive monitoring APIs and sensors to provide a comprehensive view of order lifecycles while minimizing changes to existing trading infrastructure.
The document discusses Thomson Reuters' solutions and services to help clients comply with the Markets in Financial Instruments Directive (MiFID II). It describes how Thomson Reuters provides data, solutions, and expertise to support obligations related to pre- and post-trade transparency, trading venues, systematic internaliser determination, approved publication arrangements and publication services, reference data, transaction reporting and record keeping, investor protection, best execution, high frequency trading and structural change, research permissioning and unbundling, and regulatory automation and workflow mapping. It also outlines Thomson Reuters' MiFID II capabilities and solutions, including various Thomson Reuters products and services, and provides contact information.
This document discusses non-functional testing approaches for financial markets software. It describes the structure of non-functional testing teams, how to prepare tests by configuring load injectors and defining load shapes, and the types of non-functional tests performed, including latency measurements, capacity tests, DLC testing, failover testing, and other approaches to evaluate system performance under stress conditions.
Fibromyalgia is a condition characterized by widespread pain, tenderness, and other symptoms. It is incurable but can be managed through treatments and lifestyle changes. The document provides an overview of fibromyalgia including facts, causes, symptoms, diagnosis, treatments, and management of pain and fatigue. It explores links to depression, effects on children and teenagers, and discusses why fibromyalgia is often misdiagnosed.
HighLoad++ 2013 Iosif Itkin Anton SitnikovIosif Itkin
Система для выявления манипуляций в условиях высокочастотной биржевой торговли
Основная задача системы мониторинга и контроля биржевой площадки — обеспечивать упорядоченное и стабильное функционирование рынка и, в частности, поддерживать аналитическую работу отделов, отвечающих за выявление возможных манипуляций.
Система мониторинга должна собирать информацию обо всех входящих заявках, ответах системы, данных, поступающих из внешних источников, а также о релевантных внутренних состояниях трейдинговой платформы. В условиях высокочастотной торговли объемы этой информации достаточно велики, и их обработка требует масштабируемой инфраструктуры.
Операторы биржевых площадок и участники торгов ожидают, что системы мониторинга и контроля рисков будут оказывать минимальное влияние на основную функциональность трейдинговой платформы и время отклика.
Недобросовестные участники рынка пытаются скрыть злоупотребления и манипуляции рынком под видом легитимных финансовых транзакций, а некоторые законные операции обладают многими признаками нарушений. Системам мониторинга и контроля рынков приходится делать аналитические заключения под высокой нагрузкой, на основе нечеткой логики, параметры которой приходится непрерывно адаптировать под новые трейдинговые ситуации и схемы поведения участников торгов.
Наш доклад содержит обзор предметной области и основных требований к системам мониторинга и контроля для биржевых площадок, а также описание разрабатываемой нами системы, ее архитектуры и выбранного технологического стека, включая Akka, LevelDB, Play, ZeroMQ и ExtJS.
Non-Functional Testing at London Stock ExchangeIosif Itkin
29 November 2016
Harvard Club, New York, QA-Financial Forum
Exactpro is the specialist testing subsidiary of the London Stock Exchange Group. In this presentation,
Iosif Itkin will cover the wide range of testing requirements faced by broker-dealers, banks and
exchanges beyond the requirements of functional testing. Plus: In Conversation with Yann L’Huillier,
CIO, Tradition and Iosif Itkin, CEO, Exactpro
- Iosif Itkin: Exactpro CEO – The London Stock Exchance Group
- Yann L’Huillier: Group Chief Information Officer – Tradition
EXTENT Trading Test Tools Evolution TheoryIosif Itkin
EXTENT Trading Technology Trends & Quality Assurance Conference in Obninsk, 2 March, 2013
Trading Test Tools: Evolution Theory
Alexander Barch, Technical Analyst, Exactpro Systems
Anastasia Matveeva, QA Manager, Exactpro Systems
Trading Systems: Testing at the Confluence of FT and NFTIosif Itkin
EXTENT Trading Technology Trends & Quality Assurance Conference in Obninsk, 2 March, 2013
Trading Systems:
Testing at the Confluence of FT & NFT
Alexey Zverev, Managing Director
Alyona Bulda, QA Project Lead
Ivan Bobrov, HFT Analyst
EXTENT October 2011 - Test Automation for Trading SystemsIosif Itkin
The document discusses topics related to financial modeling including BDD simulators, exchange high-frequency trading, operability panels, commercial test tools, test automation, and verification of financial and risk models. It also welcomes participants to a conference on these topics held in Kostroma.
This document discusses how a software testing company tests software. It builds software to test other software and has an excellent team equipped with good tools. The company has a relentless and attentive work ethic and culture that is difficult to replicate. It is willing to put in substantial extra effort, at least 20% more, on every project to help clients achieve competitive advantage through quality and efficient platforms.
Cubits is a platform that allows users to buy, sell, store, and use bitcoin. It provides a bitcoin wallet, merchant payment processing services called Cubits Pay, and the ability to instantly buy and sell bitcoin and 17 currencies. Cubits aims to make bitcoin accessible to everyone globally and processes payments for both businesses and individuals. It is registered as a payment service provider with HM Revenue and Customs in the UK and complies with all relevant money laundering and data protection regulations.
Srini Koushik, President & CEO of NTT i3, discusses the challenges of cloud migration and management due to a lack of standardization across cloud providers. NTT i3 has developed NTT clouds, a suite of products to streamline the cloud migration process, simplify cloud management, and develop new applications. NTT clouds includes products for cloud migration planning, application migration and management, and development of new applications. The goal of NTT clouds is to bring order to the chaos of the cloud and make cloud migration and management easier for IT teams.
1) A Administração Apostólica Pessoal de São João Maria Vianney pede aprovação do seu Calendário Litúrgico próprio à Congregação para o Culto Divino e a Disciplina dos Sacramentos.
2) A Congregação aprova o Calendário Litúrgico próprio, permitindo que se celebrem as festas nele incluídas dentro dos limites jurisdicionais da Administração Apostólica.
3) O Calendário inclui festas de Santos e Beatos brasileiros e outras festas de culto difund
Normetal es desde hace 35 años una empresa pionera y líder en el negocio de la construcción modular en la Península Ibérica. Cuenta con más de 80 profesionales, un centro de fabricación en Oporto de 8.000 m2 y oficinas en Madrid, Oporto, Lisboa, Algarve, Luanda y Maputo.
The Vancouver Asian Film Festival (VAFF) is celebrating its 18th anniversary from November 6-9, 2014. VAFF is the oldest Asian film festival in Canada, founded in 1995. It attracts close to 4,000 audience members annually to view over 40 films. VAFF offers a variety of film programs and events year-round that celebrate Asian and Asian-Canadian filmmakers. The document provides statistics from the 2013 festival and outlines sponsorship, donor, partnership, and advertising opportunities to support VAFF's mission of celebrating diversity in film.
Berlitz International Camps are specially designed study abroad programs offered during school vacation periods throughout the year. At the camps, kids and teens from around the world learn and live together. The programs focus on experiential learning to broaden their horizons and encourage them to become global citizens.
Visit www.berlitz.com/internationalcamps
Este documento presenta información sobre la comunicación educativa. En tres oraciones:
La comunicación educativa se refiere al proceso de intercambio de información entre profesores y estudiantes, ya sea verbal o no verbal, que tiene lugar durante el proceso de enseñanza y aprendizaje. Este proceso es fundamental para establecer una conexión racional y emocional entre los participantes y lograr objetivos educativos. La comunicación educativa puede ser instrumental, enfocada en las técnicas, o procesual, donde los procesos comunicativos son la esen
Este documento presenta un plan de clases para fortalecer la motricidad fina de los estudiantes a través de actividades con tabletas. El objetivo general es mejorar la motricidad fina usando pantallas táctiles. Los objetivos específicos incluyen realizar ejercicios de motricidad fina, crear composiciones artísticas, reconocer figuras geométricas, y aprender el manejo y cuidado de las herramientas tecnológicas. Las clases abordan temas como tamaños, formas y colores a trav
Las direcciones IP clase A se asignan a grandes empresas y el primer octeto identifica la red mientras que los otros tres identifican la terminal o equipo. La máscara de subred es 255.0.0.0 y permite hasta 126 redes posibles con más de 16 millones de direcciones cada una. Como ejemplo, se propone configurar una red con direcciones entre 90.5.20.1 y 90.5.20.10 usando una topología de árbol con un servidor y 10 PCs.
Este documento presenta información sobre Narcóticos Anónimos de Colombia, un programa gratuito y confidencial para personas con problemas de adicción a las drogas. Ofrece ayuda a través de una línea telefónica y promete dar libertad a través de un programa voluntario diseñado para que los adictos se comprendan y apoyen mutuamente en su recuperación.
The NFT marketplace is in vogue and serves as a good place for digital content creators to showcase their designs thus increasing their revenue in this way. Additionally, CodeStore Technologies can help you develop and launch your Non-Fungible Tokens market website.
FinfraG: Opportunities & Challenges for Global Trading PlatformsCognizant
The Swiss Financial Market Infrastructure Act (FMIA), commonly known by its German name, FinfraG, spells out regulations for global derivative trading platforms and central clearing parties, including reporting, clearing, platform trading and risk mitigation. The act also incorporates laws pertaining to insider information/market abuse and shareholdings/public offers.
BDVe Webinar Series - TransformingTransport – Big Data in the Transport Doma...Big Data Value Association
Learn about how the Transforming Transport Lighthouse Project is helping to transform the Transport and Logistics domains using big data technologies. Lessons learned, pitfalls, innovation potential and business insights.
The document discusses regulatory reforms around derivatives trading, specifically regarding the Dodd-Frank Act. It notes that Dodd-Frank established new rules around how swaps are executed, traded, reported, and cleared. This created demand for execution venues like Cleartrade Exchange, which the document describes. It provides an overview of Cleartrade Exchange's services and timeline, including offering electronic trading, clearing through multiple clearinghouses, and mobile price discovery.
This document summarizes the key features and functions of the National Stock Exchange (NSE) trading system in India, including order matching processes, different market types (normal, odd lot, RETDEBT, auction), user screens and functions, and order management controls like branch and user order value limits. The maximum new user order value limit that can be set for a new user at the Chennai branch of Agre Financial Services is 150 lakh rupees based on the existing branch and user limits provided.
This document describes AIOTrade, a software platform for online trading that offers fully automated trading capabilities. It provides charting and technical analysis tools, as well as order management, risk management, and the ability to design automated trading strategies without programming expertise. The platform supports multiple asset types and can integrate with different broker APIs. It discusses AIOTrade's architecture, features, potential partners and customer base, sources of income, development status, competition, and investment opportunities.
Retail in Germany is under pressure, Germany is getting fiscalDarko Pavic
One of the leading economies in the world is introducing new fiscal law.
Starting by 1st of January 2020 every retailer in Germany has to implement new fiscal law. Basically there will be security system attached to the POS and it will take care that each and every transaction is digitally signed.
In this presentation you can find the overview of the new law and latest information related to it.
The document summarizes an OCRE Cloud tender published in April 2020 by GÉANT on behalf of listed European entities. The tender is divided into 40 lots, with each country representing one lot. It aims to stimulate cloud service usage, offer services via reliable providers, and provide local support in all 40 countries. Framework agreements will be made for each cloud platform lot and made available to eligible organizations, with competition between platforms occurring at the user level.
MiFID 2 has introduced significant changes to European financial markets through increased regulation and transparency. It aims to strengthen investor protections by reducing research costs, but may unintentionally lead to consolidation. Compliance will be challenging for many firms and smaller managers may struggle with higher costs, while larger firms can absorb costs more easily. Overall the impacts on markets, trading, and the investment management industry are broad-ranging and still unfolding.
Euromoney indices - Third party Index Administraiton and Calculation ServicesLilian Mettey
Euromoney Indices provides index administration and calculation services to third parties. It aims to offer a full service for index owners, including rule book codification, constituent selection, daily calculation and publication, and compliance with regulatory standards. Euromoney Indices has experience administering over 2,000 indices globally across all major asset classes using robust governance processes.
TrustPartners Betting Exchange Virtual Events Extended Palinsesto in ItalyTrustPartners
The document discusses the sports betting market in Italy and a possible approach for implementing a betting exchange. It outlines key regulatory changes allowing virtual events and an extended event offering. It then provides details on the key elements and requirements for virtual events, extended event offerings, and betting exchanges. Finally, it proposes a roadmap for 2013 focusing on engaging with regulatory bodies and launching new products and services according to the evolving Italian market.
Not only does electronic trading continue to make our financial markets more competitive, but it has brought numerous benefits to all investors This presentation seeks to provide an overview of the evolution of electronic trading, provide clear definitions of often misused terms, and demystify electronic trading strategies like high frequency trading.
Among the topics discussed in this presentation:
The modernization of our financial markets using electronic trading
Definitions of electronic trading, algorithmic trading and high frequency trading
The Securities and Exchange Commission and high frequency trading
The Commodity Futures Trading Commission and high frequency trading
Regulatory framework in place to safeguard investors who invest in markets where electronic trading is prevalent
Bovill briefing: Making AIFMD business as usual - Annex IV reporting - Octobe...Bovill
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the October 2014 briefing On AIFMD. For more information visit www.bovill.com.
Further information on the event is below:
Making AIFMD business as usual
When AIFMD came fully into force in July it felt like the end of a long journey. The end of the transitional period, however, was just the beginning. Firms now need to make sure their AIFMD policies and procedures are properly embedded and working effectively.
The Annex IV reporting regime presents a particular challenge for affected firms in remaining compliant with the Directive.
Relevant for anyone involved in meeting AIFMD requirements, Bovill’s briefing covers:
• a recap of what AIFMD is all about
• how to effectively monitor compliance under the Directive
• the practicalities of Annex IV reporting and how Bovill can help.
L4MS organised a webinar 9th OCT to explain the second open call, which offers funding up to €250,000 and support services for promising experiments. Project Manager Ola Skalska will answer your questions and explains step-by-step the application process. https://l4ms-open-call.fundingbox.com/
SEE THE ENTIRE WEBINAR
https://www.youtube.com/watch?v=6Rliaqf45ss&t=2823s
NEW GLOBAL OPEN WEB E BANKING MARKET HANDLING INTERNATIONAL GREEK CHARGES GR0112005674 Name und Anschrift des Leistenden Name/Unternehmen E.D.GOUTOS SA Postleitzahl 21300 Ort PORTOCHELI GREECE Staat Vereinigte Staaten von Amerika Steuernummer/USt-IdNr. 93172860596 Sitz des Geldinstitutes GREECE Bankleitzahl (Sortcode) 20122262 Bank Identification Code (BIC) HRB68648
LEI YUV8PRHOZSRFRC4JO269 and Register Ministry AG HRB68648 = 5299 00 PH63HYJ86ASW55 Cross border ...
Address: Ar.G.W.MI. 0000931106 HELLENIC REPUBLIC EIN/TIN - SIC 8888 https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&SIC=8888&owner=include 0000931106. EIN/TINNEW GLOBAL OPEN WEB E BANKING MARKET HANDLING INTERNATIONAL GREEK CHARGES GR0112005674 E.D.GOUTOS SA Postleitzahl 21300 Ort PORTOCHELI GREECE Staat Vereinigte Staaten von Amerika Steuernummer/USt-IdNr. 93172860596 Sitz des Geldinstitutes GREECE Bankleitzahl (Sortcode) 20122262 Bank Identification Code (BIC) HRB68648
Dusseldorf, DC 40215 US Telephone: (003) 02103807064 NEW GLOBAL OPEN WEB E BANKING MARKET HANDLING INTERNATIONAL GREEK CHARGES GR0112005674 Name und Anschrift des Leistenden Name/Unternehmen E.D.GOUTOS SA Postleitzahl 21300 Ort PORTOCHELI GREECE Staat Vereinigte Staaten von Amerika Steuernummer/USt-IdNr. 93172860596 Sitz des Geldinstitutes GREECE Bankleitzahl (Sortcode) 20122262 Bank Identification Code (BIC) HRB68648
Juanjo Hierro_FIWARE Marketplace and Data Publication features.pptxFIWARE
The webinar present topics that are part of the "Disruptive Tech and Trends" track where participants will discover about how FIWARE is positioned with regards to relevant technological areas:
How to build Data Spaces, as decentralized data ecosystems, using commonly agreed building blocks ensuring Data interoperability, Data Sovereignty & Trust and Data Value Creation.
How Digital Twins and cloud-to-edge continuum can be implemented with FIWARE components, using the NGSI-LD standard, and present real Digital Twin use cases
How to integrate robotics and automation systems in FIWARE based digital twins
How data works on your business using Artificial Intelligence and Machine Learning (AI/ML) with FIWARE and data engineering tools and techniques, such as ML-OPS.
Foundations of Software Testing Lecture 4Iosif Itkin
This lecture is a part of the online course on Software Testing for Complex Intelligent Systems and Autonomous Vehicles. The course lectures provide the theoretical basics of testing autonomous systems based on artificial intelligence.
The fourth lecture of the course entitled Foundations of Software Testing reviews the ‘absence-of-errors fallacy’ and other principles of software testing, as well as the types and levels of software testing. The lecture also provides a fuller picture of the understanding of test objectives and methodologies by different schools of thought within the software testing domain.
QA Financial Forum London 2021 - Automation in Software Testing. Humans and C...Iosif Itkin
Speaker: Iosif Itkin, co-CEO & co-founder, Exactpro Systems
9th November 2021
Hilton Canary Wharf
Exactpro is an independent software testing business focused on mission-critical financial market infrastructures, primarily exchanges and clearing houses. In his presentation, Iosif will give a brief overview of research on the concept of model-based testing and the principal challenges of its application while testing complex distributed systems. He will also outline the broader context of interaction between humans and complex computer models.
Exactpro FinTech Webinar - Global Exchanges Test OraclesIosif Itkin
The document discusses test oracles, which are mechanisms for determining whether a test has passed or failed. It describes how oracles work by comparing the actual output of a system under test to the expected output determined by the oracle. Several types of oracles are discussed, including hand-crafted oracles, specification-based oracles, and independent implementation oracles. The document emphasizes that all oracles are partial, as it is impossible to create a perfect oracle that evaluates all possible outputs of a system.
Exactpro FinTech Webinar - Global Exchanges FIX ProtocolIosif Itkin
Exactpro’s Global Exchanges Division training session on FIX Trading Protocol.
The essence of the FIX protocol and its place in the overall structure of network protocols, FIX message attributes and the internal data types of the protocol.
Operational Resilience in Financial Market InfrastructuresIosif Itkin
A4Q World Congress 13-16 April 2021
Iosif Itkin
Exactpro provides independent software testing services for mission critical technology that underpins global financial markets – exchanges and clearing houses. Half of the top 20 global exchange groups on all continents around the globe rely on processes, platforms and people from Exactpro to improve their quality and reliability. The company has spent the last 11 years studying operational resilience in this crucial sector. The presentation will outline the key principles for software testing of the systems that process hundreds of millions of orders per day with roundtrip latencies below one hundred microseconds.
20 Simple Questions from Exactpro for Your Enjoyment This Holiday SeasonIosif Itkin
Warmest wishes for a happy holiday season and a wonderful New Year!
We look forward to our continued collaboration in 2020. Thank you for your support.
QA-Financial Forum 2019 in New York
13 November
Iosif Itkin, CEO and co-founder
Elena Treshcheva, Business Development Manager and Researcher
An October 2019 survey by BoE and FCA found that ML in financial organizations has already passed an initial development phase, and the usage of live ML applications is about to dramatically increase over the next three years. Artificial Intelligence systems are used in market surveillance, they are providing intellectual analysis of news feeds, and they are an important part of the conversational agents facing users and helping them with their business needs from identity verification to trading and portfolio management. How to ensure that an AI-powered system is up to its task? And what would that mean from the software testing perspective?
EXTENT 2019: Exactpro Quality Assurance for Financial Market InfrastructuresIosif Itkin
On Complex Software Systems Testing — Alexey Zverev, co-CEO & co-founder, Exactpro
Software Testing and Machine Learning
Mind the Gap. Applying Process Mining
Learning from Failure is not just for Humans
Dancing with Whales. Adaptive Log Classification System
On Traceability and the Illusion of Control
Building Partnerships
Demystifying DLT Testing One Network at a Time
Get the MOST from FIX
Georgia on My Mind
Build Software to Test Software — Iosif Itkin, co-CEO & co-founder, Exactpro
ClearTH Test Automation Framework: Case Study in IRS & CDS Swaps Lifecycle Mo...Iosif Itkin
Synchronize Europe
18th June 2019
Iosif Itkin, co-CEO and co-founder, Exactpro
Using the ISDA CDM Swaps application, simultaneously execute multiple end-to-end scenarios for DAML applications in capital markets - validate with actual contract data on ledger.
EXTENT Talks 2019 Tbilisi: Failover and Recovery Test Automation - Ivan ShamraiIosif Itkin
Ivan Shamray, Senior NFT Analyst, Exactpro
20 April 2019 EXTENT Talks, Tbilisi, Georgia
Tbilisi QA Community
EXTENT Talks is a meeting place for IT specialists working in various industries and seeking professional growth, practitioners from IT firms, as well as Quality Assurance enthusiasts of all backgrounds interested in actively participating in local IT events.
EXTENT Talks QA Community Tbilisi 20 April 2019 - Conference OpenIosif Itkin
The document summarizes the agenda for the QA Community Tbilisi event on April 20, 2019 in Tbilisi, Georgia. The agenda included presentations on topics like principles of deep testing, quality in space, behavior driven development, test automation, and obstacles of software testing in Georgia. There was also information provided about Exactpro and their history, tools and methods for testing financial systems, and test automation for distributed ledger technology. The document encouraged participants to provide feedback and announced an upcoming prize drawing for those who engaged on the event's Facebook page.
User-Assisted Log Analysis for Quality Control of Distributed Fintech Applica...Iosif Itkin
The First IEEE International Conference On Artificial Intelligence Testing (2019 IEEE AITest)
Iosif Itkin, Anna Gromova, Anton Sitnikov, Elena Treshcheva, Rostislav Yavorskiy, Evgenii Tsymbalov, Andrey Novikov and Kirill Rudakov
1 Exactpro, UK, Georgia, USA, Russia
2 Skolkovo Institute of Science and Technology, Russia
3 Higher School of Economics, Russia
Speakers: Iosif Itkin, CEO and Co-Founder and Elena Treshcheva, Business Development Manager and Researcher - Exactpro
Exactpro provides software testing services for mission-critical technology that underpins global financial markets. Exactpro clients are regulated by FCA, Bank of England and their counterparts from other countries. During this session, Elena and Iosif will talk about end-to-end software testing for post-trade systems in financial market infrastructures. What are the key challenges in quality assurance at this scale? What kind of cognitive biases affect SDLC? How precise is the knowledge about the systems under test? What constitutes good test evidence? How to deal with complexity in regulated environments?
Behaviour Driven Development: Oltre i limiti del possibileIosif Itkin
The QA Financial Forum: Milan 2019
23 January at the Excelsior Hotel Gallia.
Anna-Maria Lukina, Exactpro Business Development Director
The QA Financial Forum: Milan is one of the leading fintech conferences in Italy. The event focuses on the latest achievements in software risk management and automation of software testing. The predominant theme of the Milan event will be Quality Assurance for the entire Software Development Life Cycle (SDLC).
The topics under discussion will feature:
- Technologies for Automation & AI
- DevOps & CI/CD
- Value Stream Management
- Test Data Management
- Regulatory Compliance
- App Security & DevSecOps
- Testing and quality assurance of Blockchain platforms
The official language of the event is Italian.
On 17th January 2018 Exactpro successfully completed a management buyout from London Stock Exchange Group (LSEG), signed a new multi-year master services agreement with LSEG, and opened its head office in London.
What else has happened in 2018?
I wanted to take the opportunity to reflect on what has been an unusual year for Exactpro.
Integration front to back - Mr. Custodian tear down that wall
The scope of the application level has been continuous extended over the years, albeit with a focus on the area of pre-trade and trade.
Recently, there has been an increased interest to move further into the area of post-trade which is predominantly driven by the ISO 20022 standard. Is there really a need for new FIX messages in areas such as payments and
what are the integration problems needing a resolution?
Panellists
- Iosif Itkin, CEO, Exactpro
- Jim Northey, Co-Chair Global Technical Committee, Americas Region, FIX Trading Community, Chair Elect, ISO TC68 Financial
Services Technical Committee, and Consultant and Industry Standards Liaison, Itiviti
- Barry Young, Director, Aladdin Product Manager, BlackRock
BDD. The Outer Limits. Iosif Itkin at Youcon (in Russian)Iosif Itkin
Exactpro is supporting the 3rd annual IT-conference YouCon to take place on 14th October in Saratov, Russia. Over 900 programmers, systems engineers and architects, software QA engineers, and marketing specialists will gather to discuss the latest trends in programming technology. It is the largest IT industry event in Saratov.
Iosif Itkin, CEO of Exactpro, part of London Stock Exchange Group, will deliver a "BDD. The Outer Limits" presentation named after Iosif's favorite Sci-Fi series.
The topics to be covered are:
Behavior Driven Development concepts
Applying BDD in trading and clearing systems
Specification by Example and using production data
Combining Model-based testing and BDD
The Outer Limits
There will be an opportunity to ask questions, share thoughts and expertise in BDD, or just chat with a representative at the Exactpro stand at any time during the event.
Don't miss out, stop by and ask how you can get your Exactpro souvenir :)
We look forward to meeting you there!
#Exactpro #Youconsaratov
Best 20 SEO Techniques To Improve Website Visibility In SERPPixlogix Infotech
Boost your website's visibility with proven SEO techniques! Our latest blog dives into essential strategies to enhance your online presence, increase traffic, and rank higher on search engines. From keyword optimization to quality content creation, learn how to make your site stand out in the crowded digital landscape. Discover actionable tips and expert insights to elevate your SEO game.
Salesforce Integration for Bonterra Impact Management (fka Social Solutions A...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on integration of Salesforce with Bonterra Impact Management.
Interested in deploying an integration with Salesforce for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Cosa hanno in comune un mattoncino Lego e la backdoor XZ?Speck&Tech
ABSTRACT: A prima vista, un mattoncino Lego e la backdoor XZ potrebbero avere in comune il fatto di essere entrambi blocchi di costruzione, o dipendenze di progetti creativi e software. La realtà è che un mattoncino Lego e il caso della backdoor XZ hanno molto di più di tutto ciò in comune.
Partecipate alla presentazione per immergervi in una storia di interoperabilità, standard e formati aperti, per poi discutere del ruolo importante che i contributori hanno in una comunità open source sostenibile.
BIO: Sostenitrice del software libero e dei formati standard e aperti. È stata un membro attivo dei progetti Fedora e openSUSE e ha co-fondato l'Associazione LibreItalia dove è stata coinvolta in diversi eventi, migrazioni e formazione relativi a LibreOffice. In precedenza ha lavorato a migrazioni e corsi di formazione su LibreOffice per diverse amministrazioni pubbliche e privati. Da gennaio 2020 lavora in SUSE come Software Release Engineer per Uyuni e SUSE Manager e quando non segue la sua passione per i computer e per Geeko coltiva la sua curiosità per l'astronomia (da cui deriva il suo nickname deneb_alpha).
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
5th LF Energy Power Grid Model Meet-up SlidesDanBrown980551
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-und-domino-lizenzkostenreduzierung-in-der-welt-von-dlau/
DLAU und die Lizenzen nach dem CCB- und CCX-Modell sind für viele in der HCL-Community seit letztem Jahr ein heißes Thema. Als Notes- oder Domino-Kunde haben Sie vielleicht mit unerwartet hohen Benutzerzahlen und Lizenzgebühren zu kämpfen. Sie fragen sich vielleicht, wie diese neue Art der Lizenzierung funktioniert und welchen Nutzen sie Ihnen bringt. Vor allem wollen Sie sicherlich Ihr Budget einhalten und Kosten sparen, wo immer möglich. Das verstehen wir und wir möchten Ihnen dabei helfen!
Wir erklären Ihnen, wie Sie häufige Konfigurationsprobleme lösen können, die dazu führen können, dass mehr Benutzer gezählt werden als nötig, und wie Sie überflüssige oder ungenutzte Konten identifizieren und entfernen können, um Geld zu sparen. Es gibt auch einige Ansätze, die zu unnötigen Ausgaben führen können, z. B. wenn ein Personendokument anstelle eines Mail-Ins für geteilte Mailboxen verwendet wird. Wir zeigen Ihnen solche Fälle und deren Lösungen. Und natürlich erklären wir Ihnen das neue Lizenzmodell.
Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
Diese Themen werden behandelt
- Reduzierung der Lizenzkosten durch Auffinden und Beheben von Fehlkonfigurationen und überflüssigen Konten
- Wie funktionieren CCB- und CCX-Lizenzen wirklich?
- Verstehen des DLAU-Tools und wie man es am besten nutzt
- Tipps für häufige Problembereiche, wie z. B. Team-Postfächer, Funktions-/Testbenutzer usw.
- Praxisbeispiele und Best Practices zum sofortigen Umsetzen
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Fueling AI with Great Data with Airbyte WebinarZilliz
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slackshyamraj55
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
Webinar: Designing a schema for a Data WarehouseFederico Razzoli
Are you new to data warehouses (DWH)? Do you need to check whether your data warehouse follows the best practices for a good design? In both cases, this webinar is for you.
A data warehouse is a central relational database that contains all measurements about a business or an organisation. This data comes from a variety of heterogeneous data sources, which includes databases of any type that back the applications used by the company, data files exported by some applications, or APIs provided by internal or external services.
But designing a data warehouse correctly is a hard task, which requires gathering information about the business processes that need to be analysed in the first place. These processes must be translated into so-called star schemas, which means, denormalised databases where each table represents a dimension or facts.
We will discuss these topics:
- How to gather information about a business;
- Understanding dictionaries and how to identify business entities;
- Dimensions and facts;
- Setting a table granularity;
- Types of facts;
- Types of dimensions;
- Snowflakes and how to avoid them;
- Expanding existing dimensions and facts.
Your One-Stop Shop for Python Success: Top 10 US Python Development Providersakankshawande
Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
Building Production Ready Search Pipelines with Spark and MilvusZilliz
Spark is the widely used ETL tool for processing, indexing and ingesting data to serving stack for search. Milvus is the production-ready open-source vector database. In this talk we will show how to use Spark to process unstructured data to extract vector representations, and push the vectors to Milvus vector database for search serving.
GraphRAG for Life Science to increase LLM accuracyTomaz Bratanic
GraphRAG for life science domain, where you retriever information from biomedical knowledge graphs using LLMs to increase the accuracy and performance of generated answers
2. Agenda
Page 2
• Introduction
• London Stock Exchange Derivatives Market & IDEM - New Version for SOLA
• London Stock Exchange Group - GTP Updates
• Borsa Italiana - MIT R9.0 (incl. RFQs)
• London Stock Exchange / Turquoise Equities - MIT R9.1 (incl. RFQs)
• London Stock Exchange Group – TRADEcho
• London Stock Exchange - MITCH Decommissioning
• ExactPro - Overview
• Q & A Session
3. Page 3
SOLA 9
Flavio Ravotto
Manager, Technical Account Management and Professional Services
Client Technology Services Italy
4. SOLA 9 (1)
Page 4
• New release of the SOLA platform (SOLA 9.2) will be introduced for
IDEM and LSEDM Equity Derivative products
• Interest Rate Derivative products (Curve) will not be impacted
• Changes to the protocol will be introduced
• Documentation for LSEDM Equity Derivative products already available
• Documentation for IDEM will be published in due course
5. SOLA 9 (2)
Page 5
• LSEDM Equity Derivative products CDS has been upgraded to SOLA 9
since September 2016
• Availability of IDEM CDS for SOLA 9 will be communicated in due
course
• Dress Rehearsals will be organized prior the go-live
• Planned go-live date:
• November 2016 for LSEDM Equity Derivative products
• Go-live date for IDEM not decided yet
6. Pre-Trade Validations - Background
Page 6
• With SOLA 9 a set of Pre-Trade Validation functionalities will be provided
• It will be possible to set pre-trade controls on a single or a group of Trader IDs
associated with a participant
• The service will complement the following services that are already available at
trading or clearing level :
• BCS Risk Management: ex-post controls
• Drop Copy: monitoring function of orders and executed trades
• Main Requirement: to provide a means to set maximum order size, position
and exposure limits on a Trader ID/Group of Trader IDs/Trading Participant level
7. Pre-trade Validations – Solution (1)
Page 7
• The Risk Manager (the “controlling entity”) will be able to specify a set of
limits for a specified “managed entity”
• Possibility to set limits will be available via SOLA APIs and GUI
• Limits can be updated in real time with immediate effectiveness
• On the basis of the configurations defined by the “controlling entity”, SOLA
will perform real-time checks before allowing each order/quote to enter the
market
8. Pre-trade Validations - Solution (2)
Page 8
• Limits can be set at different levels:
• Firm/Group of Trader ID/Instrument Group/Instrument
• Firm/Group of Trader ID/Instrument Group
• Firm/Instrument Group/Instrument
• Firm/Instrument Group
9. Pre-trade Validations - Implementation
Page 9
• Available Limits (Detailed documentation will be published at a later stage):
• Max Order Quantity (different thresholds for normal orders and cross/committed orders)
• Position: limits on executed trades (net long/short position, expressed in quantity terms) during the day
• The trade triggering the breach of the limit is executed
• The breach of the net long threshold triggers the cancellation of all buy orders and all quotes (and vice versa for the net
short threshold)
• Exposure: limits on executed trades (net long/short position) + open orders (no quotes). Expressed in quantity terms
• Breach of the net long threshold triggers cancellation of all buy orders/quotes (and vice versa for the net short threshold)
• Access to Market Maker Protection to control quoting activity (most restrictive rule will apply in case of conflicts)
• Kill Switch: cancels all the orders (cross/committed orders included) and quotes for a Trader and disable the Trader/the Firm
• New messages for SAIL protocol only
• FIX protocol is not impacted
• FIX protocol changes include new error codes only
10. Pre-trade Validations - Monitoring
Page 10
• SOLA will disseminate messages related to the “usage” of the defined limits
(“Risk Limits Usage Notice”)
• anytime a defined limit approaches the threshold, at 10% intervals, an alert is
disseminated
• alerts are disseminated when the available thresholds is “used” at 50%, 60%, 70%
etc. of its total
• Available for:
• position and exposure limits
• via SOLA APIs and GUI
11. Page 11
GTP Updates
Flavio Ravotto
Manager, Technical Account Management and Professional Services
Client Technology Services Italy
12. Protocol changes (1)
Page 12
• New Layout of message Instrument Directory – Strategies
(0x6f):
• Source Venue
• Venue Instrument ID
• Series Name
• Group ID
• Activation Date Time
• Expiration Date
• Strategy pricing
13. Protocol changes (2)
Page 13
• Message Instrument Directory – Fixed Income (0x6e): new field Description
will be added to reflect the type of bond
• Message Instrument Directory – Equities (0x52): new fields Description and
Symbol will be added.
• Message Statistic Snapshot (0x6b): three new fields related to the last
executed trade for the current day will be added:
• Last Trade Price
• Last Trade Quantity
• Last Trade Time
If no relevant trades have taken place for a particular instrument then the fields will be set to
the default value '0‘
14. Planning
Page 14
• Changes to the protocol will be introduced for all Venues
currently available via GTP (Borsa Italiana cash and
derivatives markets and LSE cash markets)
• Documentation available since July 2016
• CDS available since July 2016
• Planned Go-Live date: October, 24th 2016
• contextual with the delivery of the Release 9 for Borsa Italiana and
EuroTLX
• Both GTP London and GTP Milan Instances will be upgraded at
the same time
15. Page 15
MIT Release 9 and “Request for Quote”
Flavio Ravotto
Manager, Technical Account Management and Professional Services
Client Technology Services Italy
16. Release 9 - Overview
Page 16
• A new release of the MIT platform (Release 9) will be delivered for Borsa
Italiana and EuroTLX markets
• Changes/Optimization to the protocol will be introduced
• Introduction of the “Request for Quote” Functionality for MOT, ETF and
EuroTLX markets
• Conformance Test will have to be mandatorily performed before the go-live
17. Release 9 - Planning
Page 17
• Release 9 is available in CDS for Borsa Italiana and EuroTLX since July 2016
• Documentation published on June 8th 2016
• Dress Rehearsals held on Saturday, October 1st 2017
• Go-live date October, 24th 2016 for both Borsa Italiana and EuroTLX
18. Randomized Peak for Iceberg Orders
Page 18
• Now when sending an Iceberg Order, the Trader specifies a Visible Quantity that is
put on the order book when the order is sent and every time the visible quantity is
fully executed
• With the Release 9, the Visible Quantity will be optionally randomized
• The Trader will keep specifying a Visible Quantity for Iceberg Orders
• When the trader will choose to randomize the Visible Quantity:
• the first time the Iceberg Order is put on the Order Book, the peak quantity shown will be the
Trader specified Visible Quantity
• after every full execution of the previously used peak quantity, the quantity shown will be a
random value between the Trader specified Visible Quantity and the Trader specified Visible
Quantity plus 20%
19. Request for Quote (1)
Page 19
• RFQ will be available on MOT, ETF+ and EuroTLX markets
• RFQ will allow Member Firms to request a Quote for a specified quantity on a
given instrument to registered Market Makers
• The Member Firm that entered a RFQ is called Requester
• Market Makers will have to subscribe in order to receive entered RFQs on one
or more instruments
• RFQ (form both Requesters and Market Makers) will be available via both the
Native and the FIX protocols
• RFQ will be usable for large in scale orders, so RFQ quantity will have to be
above a minimum threshold
20. Request for Quote (2)
Page 20
• The RFQ will mandatorily contain the quantity and optionally contain the
Side
• if the Requester specifies the Side, this will be the only executable Side of the RFQ and
cannot change during the RFQ lifetime
• The RFQ can be Anonymous or Visible
• With Anonymous RFQs, the Market Makers will not know the Requester and vice versa
• With Visible RFQs:
• the Market Makers will know the Requester and vice versa
• the Requester will have to specify the Market Makers to which the RFQ should be
routed
21. Request for Quote (3)
Page 21
• Market Makers will choose whether to respond with a Quote or to ignore, if
decide to respond will provide a Bid and/or a Ask Price (the Quote can be dual
sided or single sided)
• a Market Maker decides to provide a Bid Price, a Ask Price or both independently from the
Side specified by the Requester (if any)
• Market Makers can update or cancel the Quote they submitted
• Quotes entered by Market Makers will be routed to the Requester, that will
decide whether to:
• Execute
• Withdraw the request
22. Request for Quote (4)
Page 22
• When the Requester decides to execute, the execution will happen against the
best Quote (in terms of Price) among the received ones
• The Requester receives all Quotes entered by Market Makers but cannot choose which
Quote to execute against
• The execution is made against a private order book composed of quotes sent by Market
Makers
• Traded Price is subject to limits against Public Order Book best Bid/Ask Prices
(that may differ from the ones applied to BTF ones, e.g. on MOT it will be
possible to trade at prices significantly different from Public Order Book ones)
• In case of execution, the trade
• for Cleared Instruments, sent to the CCP
• is published via Market Data services (GTP and MITCH) marked as “RFQ Trade”
23. RFQ – Request
Page 23
• A unique identifier of the RFQ assigned by the Requester
• The Expire Time of the RFQ (the time the negotiation process terminated at)
• Instrument ID of the Instrument subject of the quote
• Quantity
• Side (optional)
• In case of Named RFQ the list of Market Makers to which the RFQ should be
routed
24. RFQ – Response
Page 24
• The identifier of the RFQ assigned by the Requester (to identify the RFQ)
• Bid Price/Quantity and/or Ask Price/Quantity
• the Market Maker may provide both Bid and Ask Sides even in the case the Requester
specified the Side he is interested to trade against
• Bid and/or Ask Quantity should be greater or equal than the one requested by
the Requester
• in any case, the executable quantity is the one contained in the request
31. London Stock Exchange –
Release 9.1
Don Mucha
Manager – Technical Account Management and Market Access
Client Technology Services - UK
London Stock Exchange Group
Page 31
32. London Stock Exchange – Release 9.1
Page 32
Summary of Changes
• Introduction for Request for Quotes (RFQ’s)
• Introduction of Pre Trade Risk Controls for RFQ’s and Cross
Orders
• Ability to load Sponsored Access restricted instrument list
(RIL) via the Sponsored Access portal
33. London Stock Exchange – Release 9.1
Page 33
Impact on London Stock Exchange Trading Interfaces
FIX Trading
• Additional tags to support RFQ’s added to Quote, Quote Cancel, Quote Status Report and
Execution Report messages
• Following new messages added to support RFQ’s: Quote Request, Quote Request Reject,
Quote Ack and Quote Response
Native
• New messages added to support RFQ’s: Quote Request, Quote Request Reject, RFQ Quote,
Quote Response, Quote Ack and RFQ Execution Report
34. LSE RFQ Offering (1)
Page 34
RFQ functionality – estimated delivery Q4 2016 for ETFs & ETPs
• Currently it is estimated that 70% of ETF/ETP trading in Europe happens OTC. ETFs and ETPs are
currently non MiFID instruments and therefore do not have pre trade and post trade transparency
requirements
• New RFQ functionality will complement our existing trading services by promoting the execution of
larger sized trades by institutional clients on Exchange which would usually occur OTC
• The service is a non pre trade transparent model and has been designed to protect order book liquidity
by setting a minimum trade size
• Pre MiFID II the minimum trade size will be 4x EMS and then move to MiFID II LIS size (1m Euro),
ensuring a MiFID II compliant LIS trading facility
• RFQ responses are price validated with reference to the order book BBO (+/- a small % tolerance)
• Trades are classified as order book (flagged as RFQ) and follow LSE rule book as per existing order
book trades
35. LSE RFQ Offering (2)
Page 35
• RFQ sessions will be private between requestor and market maker
• RFQ max duration will be 180 seconds
• Only registered market makers will be able to respond to quote requests and there will be no obligation
for market makers to respond
• All trading participants connected to the order book will be able to access RFQ
• Requestor can decide to remain anonymous or to be named per RFQ
• The service will offer automated trade reporting and clearing
36. Main aspects of RFQ functionality
Page 36
Requester
Trading Venue
Market Maker
1.0 Participant submits quote request
1.2 Quote request is disseminated to dealers
Market Maker
Market Maker Market Maker
1.1 RFQ process validity period starts
Event 1 - Initiation
Market Maker Market Maker
Market Maker Market Maker
2.0 Dealers submit quotes
Requester
2.2 Response is disseminated to the participant
Event 2 - Response Event 3 - Conclusion
Requester
Market Maker
3.0 Participant hits/lifts a quote
3.1 Relevant participant gets an update on the trade.
Others receive a notification.
Market Maker
Market Maker Market Maker
37. Pre Trade Risk Controls
Page 37
Pre trade risk controls (PTRCs) – estimated delivery Q4 2016
• To help facilitate market adoption of LSE on exchange cleared bilateral type trade functionality such as RFQ, Pre trade
risk controls will be available via a GUI for GCMs and CCPs to manage if required.
• Risk Controls will be available on both FIX and Native protocols.
• Drop copies are available via the existing Drop Copy service.
• Risk controls consists of real-time gateway level validations. Alerts can be sent when configured thresholds are breached.
Users can also monitor risk exposure in real time via a web portal where a kill switch is available.
• The web portal is also used to configure users. Although based on the existing Sponsored Access portal, it is functionally
different and independent of the SA controls. A file upload facility will also be available for setting PTR limits. Member
firms can request a read only version of the web portal should they require.
• Limits can be set at Global Level (User ID) and Instrument Group Level (User ID – Instrument Group). Max order values
for each order type and restricted instrument lists can also be set.
• Further details will be available via a service description which will be available in due course.
• To find out more contact your TAM or email the TAM team.
38. London Stock Exchange – Release 9.1
Page 38
Event Date
Customer Technical Specifications
available
August 2016
Release 9.1 deployed to CDS 13 September 2016
Customer Dress Rehearsal 1* 12 November 2016
Customer Dress Rehearsal 2* 26 November 2016
Release 9.1 production go-live* 5 December 2016
*Subject to customer readiness and internal testing
39. Turquoise – Release 9.1
Don Mucha
Manager – Technical Account Management and Market Access
Client Technology Services - UK
London Stock Exchange Group
Page 39
40. Turquoise – Release 9.1
Page 40
Summary of Changes:
• Changes to MinQty behaviour
• Adding tag 851- LastLiquidityIndicator to FIX Execution Reports
• Turquoise Plato Uncross™ identifier on MITCH Trade messages
• Message length increase of the Native Cancel and Cancel Reject
message
41. Turquoise – Release 9.1
Page 41
Additional Information
• Mandatory certification for all Native Trading software in accordance
with London Stock Exchange Group’s certification policy.
• Customers should ensure all MITCH applications have been tested
prior to production go-live.
• Sign-off must be provided by all customers to their Technical Account
Manager before go-live.
42. Turquoise – Release 9.1
Page 42
Event Date
Customer Technical Specifications
available
October 2016
Release 9.1 deployed to CDS End of October 2016
Release 9.1 production go-live* January 2017
*Production go-live date will be communicated in due course
44. What is TRADEcho?
Page 44
• Partnership between BOAT Services and London Stock
Exchange
• Aim to provide MiFID II transparency services by combining the
two existing trade reporting platforms and utilising the
respective strengths of each firm
• TRADEcho will be an APA (Approved Publication Arrangement)
under MiFID II
• Different phases will be introduced for this project
45. TRADEcho Timeline (1)
Page 45
Q4 Customer Testing in CDS
Q1 2017: Go-live
First phase is to migrate all existing BOAT and London Stock Exchange clients to TRADEcho for off-book
trade reporting
+ SI Quoting
+ TRADEcho portal (web based not accessible via the internet)
+ Same universe of instruments as currently available on the London Stock Exchange market plus
some additional BOAT specific instruments
+ Intention for SIX Swiss OTC trade reporting to be supported as it is today for BOAT clients
46. TRADEcho Timeline (2)
Page 46
Additional phases:
• Smart Report Router (SRR)
• Meet your MiFID II reporting requirements early by outsource trade
report persistence and publication logic
• Rules configured easily via the TRADEcho portal and supported by
the key reference data required to trigger rules, removing the need
for internal config updates
• Cleared off book trades
• Evolution of service to support the additional asset classes that are
introduced with MiFID II
47. Technical Overview (1)
Page 47
• TRADEcho Service will be hosted in the London Stock Exchange
Group data centres
• Customers will be able to use existing LSEG connectivity products to
access the service
• Market Data for the new service will be disseminated via the Group
Ticker Plant Service (GTP) only
• Once TRADEcho is live, MITCH will no longer publish off-book trade
report Market Data
48. Technical Overview (2)
Page 48
• Currently the LSE PTGW (Post Trade Gateway) provides 3 functionalities:
•Off-book trade reporting
•OTBD (Own Trade Book Download)
•Real Time TCR (Trade Capture Report)
• OTBD and Real Time TCR will remain on PTGW
• Off-Book Trade Reporting will migrate to TRADEcho
• New gateways - FIX 5.0 SP2 interface
• Introduction of SI Quotes
• Reference data available via the current XLON files and via GTP Instrument
Directory message
49. Technical Overview (3)
Page 49
• Customers will have the option to choose between the LSE or Market Model
Typology (MMT) trade reporting logic
• TradeInformationProtocol (20000) has been added to the Trade Capture Report
message:
• 1 = MMT v3.0x
• 2 = LSE PTGW (default)
• Supported messages:
• MassQuote (i)
• MassQuoteAcknowledgement (b)
• QuoteCancel (Z)
• SuspendQuoting (U3)
• SuspendQuotingStatusReport (U4)
• TradeCaptureReport (AE)
• TradeCaptureReportAck (AR)
50. Technical Overview (4)
Page 50
Multi-service Web Portal will also be provided
• All information submitted through FIX will also be available through the web
portal
• Clients will be able to view, enter and amend their submitted trade reports
and quotes
• Reference data will be available for viewing and downloading
• The updated portal will provide firms with the ability to manage real-time
alerts and generate reports specific to their needs
• Administrative users will be able to set up users and manage permissions
51. Technical Overview (5)
Page 51
• New website dedicated to the service, www.tradecho.com
• The FIX 5.0 SP2 Specification document is now available:
www.londonstockexchange.com/products-and-services/technical-library/millennium-exchange-technical-
specifications/millennium-exchange-technical-specifications.htm
www.tradecho.com
• Updated GTP documents available:
www.londonstockexchange.com/products-and-services/millennium-exchange/documentation/documentation.htm
• Technical Account Management team:
•londonTAM@lseg.com
•+44 (0)207 797 3939
53. MITCH Product Roadmap (1)
Page 53
• Group Ticker Plant supports London Stock Exchange Group’s real-time
information services roadmap.
• As announced previously, and as indicated by the decommission of
MDF/DDM-Plus and FIX-FAST, the Group intends to rationalise data
services when it is appropriate to do so. This includes the
decommissioning of the MITCH market data protocol.
• Following go-live of Group Ticker Plant Phase 2.0 services, and following
feedback from customers, the Group can now share the roadmap for the
MITCH product. Please note that this is indicative only and the Group is
keen to receive feedback.
54. MITCH Product Roadmap (2)
Page 54
• The below roadmap applies only to London Stock Exchange MITCH
implementations. There is no current plan to decommission Borsa
Italiana, EuroTLX and Turquoise MITCH services.
• We ask customers to confirm if the roadmap is achievable by November
2016.
February
2016
Group Ticker
Plant Phase 2.0
services made
available to
customers.
November
2016
MITCH client
onboarding
ceases. LSEG
will not permit
additional new
MITCH
customers.
January 2017
Formal
contractual
notification of
MITCH
decommission
February 2017
onwards
Customer
decommissioning
plans in
progress, with
support from
Technical
Account
Management.
June 2017
MITCH
decommission
for London
Stock
Exchange
markets.
55. Exactpro - Open Access
Software Testing
Iosif Itkin
CEO
Exactpro Systems
London Stock Exchange Group
Page 55
56. Exactpro Timeline
Global Client Network
Quality Assurance Areas Covered
Software Testing Tools
Functional Testing Scope
Execution Venues
Market Participants
Software Testing Ideas
Passive Verification and Clients Onboarding
Test Harness for Algo-Trading Systems
Tools and Methods of Program Analysis Conference
EXTENT Software Testing Conference
Contents
Page 56
57. Steady Growth Thanks to
Unparalleled Service and Dedication
Page
57
Exactpro is: Clients Worldwide:
• A specialist firm focused on functional and non functional
testing of systems that process wholesale financial products,
particularly market infrastructure
• A UK company with operations in the US and four QA &
software development centres in Russia
• Part of London Stock Exchange Group as of May 29, 2015
• Incorporated in 2009 with 10 people, our company has
experienced significant growth as satisfied clients require
more services; now employing over 380 specialists
Page 57
58. Toronto
New York
Tysons Corner
Montreal
Portland
Seattle
Dubai
Colombo
Johannesburg
Sydney
Singapore
Hong Kong
Moscow
Oslo
Paris
Milan
Athens
Vienna
London Amsterdam
A specialist firm operating an open access model
with focus on functional and operational testing for global financial markets worldwide
A UK company with operations in the US and four QA &
software development centres in Russia
Part of LSEG Since May 29, 2015
Incorporated in 2009 with 10 people, our company has
experienced significant growth as satisfied clients require
more services;
Now employing over 380 specialists
Open Access Quality Assurance
A Global Client Network
Page 58
59. Quality Assurance:
test planning and
management
Process audit and test
coverage analysis
Intelligent
Management
of Large Data Sets
Test data management
Protocol level testing using
FIX/FAST, SOAP, HTTP, ITCH,
SWIFT, MQ, SQL, proprietary
binary and text based
data formats, etc.
Automated regression
testing
Gathering requirements
and test scenario creation
(human, message & reporting
interfaces)
Creating and productizing
state-of-the-art
test harnesses
Test automation
Intelligent functional and
exploratory testing
Latency & capacity
testing
Covering All Aspects of
Software Delivery Life Cycle
Page 59
60. Automated testing
Compares intended and received
results
Automated end 2 end
clearing system testing
Automated monitoring,
analysis and reporting
75K messages / second from a single CPU core
Measures latencies in microsecond range
A variety of algoes simulating end-clients
will run and see how system performs
We Build Software to Test
Our Clients’ Software
Page 60
61. Our Experience in
Market Infrastructures Testing
Our experience in market infrastructures
testing embraces all components and
operational processes. Unique tools have
been used to test a wide variety of vendor
platforms. A holistic integrated automated
test solution for trading, clearing, settlement
and other systems
Page 61
63. Passive Software Testing
Passive testing is a process of finding defects in a system under test done by investigating its behaviour without affecting its normal operation.
Passive testing tools are used for automated log collection, data structuring, monitoring, system behaviour analysis and user certification. Test tools
allow promptly analysing high volume of data, reacting to deviations in the system’s behaviour from requirements and troubleshooting
Page 63
64. Migrating a Clients FIX Customer
Base to a New Trading Platform
In contrast to exchange platforms, broker systems
normally allow a much wider range of possibilities
for tuning the protocol for interaction with client
systems.
One client can concurrently use several brokers
for accessing an exchange. Brokers often try to
reduce the number of changes in communication
protocols which a particular client must implement.
This approach simplifies client interaction and
leads to the existence of a large number of
heterogeneous configurations on the broker
platform end. If the internal changes of the broker
platform take place, a need in a regression test
occurs to verify compatibility with the client
systems.
The developed tool allows processing of existing
data from test and production environments and
creating the needed library of active testing
scenarios.
Production logs are loaded into the certification
testing tool’s data base. The script generator is
using the data base for creating a sequence of test
scenarios performed by an active test tool for
functional testing. Logs generated when test
scenarios are executed are loaded into the data
base to compare them with production logs.
Page 64
65. Reference Test Harness for
Algo-Trading Systems
One of the essential parts of algorithm testing, based on
regulator requirements, is specific testing in a non-live
trading environment. This would allow those involved in the
certification process to make a correct assessment of
algorithm risk, profitability and efficiency
Page 65
66. Run Your System Against
Competing Algo-Trading Strategies
The Minirobots tool, developed with the idea of simulating
real traders' behaviour in mind, is able to make decisions
under specific market conditions in a common fashion, but at
the same time has a certain degree of autonomy. Depending
on what the testing needs are, each of the robots can act
independently or jointly executing a particular trading
strategy or simply replaying a stored list of orders.
Page 66
67. Software Engineering Conferences
• Competing conference papers go through a review by a number of leading software
development and analysis experts and scientists
• The best papers are recommended for their inclusion in Russia’s leading professional and
scientific publications
The fourth TMPA conference in March, Moscow, Russia
Find out more: www.tmpaconf.org
Renowned experts in program engineering speaking on:
• software test automation
• static program analysis
• verification
• dynamic methods of program analysis
• analysis of parallel and distributed systems
• testing and analysis of high-availability systems
• analysis of hardware and software systems
• methods of building quality software
• tools for software analysis, testing and verification
Page 67
68. Software Testing Conferences
The sixth EXTENT conference will be held in
London, UK .
Find out more:
www.extentconf.com
– LSEG Technology and Quality Assurance
– Risk controls and FPGA
– Market Surveillance systems
– Blockchain and trading technology trends
– Artificial intelligence
Thank You
Page 68
69. TUG presentation link: http://www.londonstockexchange.com/products-and-services/technical-library/technical-user-group/technical-user-group.htm
Page 69
Q & A