OpenDoor is the first all-to-all, anonymous, session-based, market-based solution for Off-the-Run US Treasuries and TIPS. Using Esprow ETP automated testing solutions, OpenDoor is prototyping their FIX gateway with a diversified client base that includes central banks, pension funds, sovereign wealth funds, primary dealers, asset managers, hedge funds, and trading firms.

Users of ETP Studio for FIX can leverage these new capabilities to advance their path towards DevOps automation, by simulating both client’ FIX flow and trading venues’ responses, using both FIX and native binary protocols. Furthermore, additional reporting features help fulfil obligations under MiFID II, including generation of reports and storage of test results, to support the compliance department.

The latest MiFID II regulatory technical standards (RTS) require financial firms to test all algorithms and certify connectivity with counterparties and trading venues, prior to market use. ETP GEMS allows brokers to test trading algorithms independent of the trading venue, enabling them to carry out required MiFID II assessments easily and efficiently. The service can also be deployed by exchanges as a service to their members, to provide a global, secure, reliable and fully audited testing ground for market participants and partners.

Investment banks face a challenge to certify the large number of counterparties on demand. According to MiFID RT6, sell-side firms are required to carry out testing of their trading systems every time "there are substantial changes to the trading system or to the access to the venue in which the algorithmic trading system is to be used".

This new functionality delivers wider end-to-end testing of financial systems based on OUCH and ITCH, including support for SoupBinTCP session management and the GLIMPSE protocol, according to the Managing Director, Francesco Lo Conte, who heads up Esprow Sales & Marketing in Asia Pacific.

The new office in Tokyo, will provide a base for Esprow’s sales, support and development operations in the country, and will give the company a platform for further Japanese growth and product localization, according to Managing Director, Francesco Lo Conte, who heads up the Japanese team.

Esprow’s Nozomi ETP already provides users with automated testing of financial applications across a growing number of industry protocols. In line with its stated technology roadmap of expanding protocol support to a growing number of business areas today Esprow has announced integration of the SWIFT MT and SWIFT MX messaging standards within the Nozomi ETP suite of applications.

Esprow Pte. Ltd. has today announced that Nomura Securities, Japan’s leading investment bank, has selected the Nozomi Enterprise Testing Platform (Nozomi ETP) for automated regression testing of financial applications.