MIFID II fuelling demand for Esprow compliance solutions in Europe and US
Esprow opens New York office to support growing US client base
New York, Singapore, London, 21 November 2017 – Esprow Pte. Ltd., a global provider of enterprise testing
technology for the financial markets, is pleased to announce the opening of their New York office supporting the
company’s growing client base in North America. The latest US clients include OpenDoor Securities and a bulge
bracket global investment bank.
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.
The latest addition to Esprow’s client base, a global US investment bank, joins others in using ETP Studio to
test trading systems based on the FIX protocol. This enables them to automate testing in multiple regions, and
across asset classes. ETP Studio is also used for ad-hoc testing of FIX sessions, emulation of FIX trading
venues, and emulation of exchanges using binary protocols across North America, EMEA, and APAC.
This automation of a previously time-consuming and often manual processes is enabling Esprow clients to move
forward on a path towards DevOps deployment of their trading applications – something most firms have now
identified as their preferred technology delivery method. By enabling the Quality Assurance process in a quicker
and far more controlled way, clients are also able to support their compliance departments who can now access
testing data independently.
Francesco Lo Conte, Managing Director at Esprow said, “We are seeing a growing demand for our set of ETP
solutions as firms in the US are increasingly required to comply with global regulations.” He added, “After a
number of years growing in APAC and EMEA regions we have now extended our footprint to provide local support to
our expanding US client base, and to leverage the business and product growth opportunities that North America
offers us.”
New office address:
Esprow LLC
60 Broad Street
24th Floor. Suite # 2407
New York, NY 10004
USA
Media contact
Melanie Budden
The Realization Group
Tel: +44 (0)7974 937970
Email:
About Esprow
Esprow is a global technology firm specializing in automated testing, on-boarding and simulation solutions for
the financial services community. Esprow provides implementation, customization, integration, training and
professional services for its Enterprise Testing Platform suite of products.
About Esprow’s Enterprise Testing Platform (Esprow ETP)
Esprow ETP automates testing, simulation and certification of trading components across a wide range of financial
messaging protocols, including FIX. Launched in 2012, Esprow ETP is an integrated testing framework that
addresses the requirements and challenges of the development, QA and risk management departments. ETP is quickly
grabbing the attention of the industry’s most forward-looking players aiming to automate testing, reduce
technology risk, and comply with global regulations for testing of trading systems and algorithmic trading
strategies.
For further information, please contact:
Esprow Sales Team
Tel: +1 (347)-255-7798
Email:
For more information about Esprow and Esprow ETP, visit www.esprow.com