Download Area Login

Documentation Area Login

BidFX selects Esprow ETP Studio to automate testing of their FIX infrastructure.

New York, March 5th, 2020 – Esprow LLC, a leading global provider of testing and compliance automation solutions for the financial industry, has today announced that BidFX Systems Limited (BidFX), the leading cloud-based FX trading platform for institutional investors and a subsidiary of SGX Group, has adopted the ESPROW Enterprise Testing Platform for automated testing of their FIX infrastructure.

BidFX was looking for a solution to test their FIX trading infrastructure, with a vendor that also had an active and evolving product roadmap. BidFX’s requirements encompassed executing regression testing of internal systems as well onboarding of clients to their FIX trading APIs. Their Client Integration team was searching for an enterprise technology to build automated end-to-end regression testing, and with a versatile toolset for manual (ad-hoc) testing of FIX trading sessions and onboarding.”

Esprow ETP Studio is the industry’s leading solution for automated testing of FIX-protocol and mixed-protocol enterprise trading systems. Launched 8 years ago, ETP Studio has continuously evolved, delivering innovative FIX-testing capabilities to its users. This has been made possible by Esprow’s close collaboration with the testing automation teams from the many financial institutions that have selected the ETP technology. Esprow’s “Business Partner Program”, a program where users and stakeholders engage regularly with Esprow to shape together the product roadmap, has no equivalent among competing solution providers.

Phil Bonnin, Head of Connectivity at BidFX, comments: “BidFX strives to provide excellent customer service and we take pride in our ability to respond rapidly to solve new FIX integration requests from both LPs and buy-side clients. This provides a key competitive advantage to the firm but is dependent on being able to effectively test in-depth customised FIX workflows in order to recreate client behaviour. ETP Studio has shown itself able to successfully fulfil these needs in a dual capacity; functional/regression testing for our development team and ad-hoc testing for the Integration team.”

Francesco Lo Conte, Managing Director at Esprow in New York, comments: "From the get-go, we could tell that BidFX shared our common belief in the importance of APIs. The financial services they offer to their clients read like a list of very interesting API services that any FinTech developer would love to build upon: auto-routing engines, streaming and RFQ protocols, FX algo hub, FIX trading APIs, and much more. It was easy for our team to deliver Esprow’s ETP framework to automate testing of BidFX’s APIs. We were able to fulfill BidFX’s requirements for regression testing and client onboarding with ETP Studio, our leading solution for FIX and binary API testing. We mostly needed to provide custom configurations of ETP Studio for different types of users. Their technical team was able to pick it up quickly and integrate ETP Studio into their workflows. Oftentimes, onboarding clients to new APIs can remain challenging – even after good design and testing – but ETP Studio offers a rich toolset to facilitates this process as well."

About Esprow ETP Studio
Esprow ETP Studio is the leading enterprise testing tool for the FIX protocol. Easy to use and rich in features, it is used by banks, brokers, exchanges, and market data vendors to deliver efficient testing of their FIX and multi-protocol financial systems. It is designed to fulfill the requirements of sophisticated technical users looking to build complex test workflows, and QA teams looking for a no-frills click-and-test solution. The ETP platform is structured as an integrated suite of applications, each one modular and configurable, to automate testing of multi-protocol financial systems, on-boarding and certification of counterparties, and simulation of native exchanges and brokers.

About BidFX
BidFX is a leading cloud-based provider of electronic foreign exchange (FX) trading solutions for the global financial marketplace. BidFX delivers customized liquidity in all FX products from partner banks and provides broker-neutral order and cutting-edge execution management services. It offers a complete suite of negotiation protocols and a hub to the algo suites of all major banks featuring best-execution capabilities. Its transaction cost analysis (TCA) solution features pre-trade predictive models, in-trade benchmarking, and post-trade synopses.

Founded in January 2017, BidFX has over 100 of the world’s largest banks, hedge funds and asset managers currently connected to its platform. BidFX is a subsidiary of SGX Group.

About Esprow
Esprow is a leading global provider of testing and compliance automation solutions for the financial industry. The Esprow Enterprise Testing Platform (Esprow ETP) provides an integrated suite of applications to automate testing of multi-protocol financial systems, on-boarding and certification of counterparties, and simulation of native exchanges and brokers. Esprow clients include marquee banks, brokers, exchanges, and market data vendors in North America, EMEA, and APAC.

For further information please contact:

Esprow LLC
Lada Belonosova
Marketing Manager
Tel: +1 (646) 583 0711

BidFX Systems Limited
Elaine Chia
Marketing Director
Tel: + 65-3163-8353

For more information about Esprow and ETP Studio, visit

For more information about BidFX, visit