Singapore, 1st November 2013 – 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.
Esprow’s Nozomi ETP provides electronic trading firms with greater confidence, efficiency and lower overall IT investment overheads by minimizing risks and the time and efforts necessary to deploy trading applications. 2014 continues to be a challenging year for electronic trading firms trying to stay compliant with many new market regulations, rigid budget constraints and the need to maintain a competitive advantage in the market. Technology changes, whether voluntary or mandated by new regulation, carry a high degree of risk that can turn into costly mistakes, as unfortunate but serious software glitches have proved for some brokers and exchanges in the past few years.
Vishal Pappu, Executive Director at Nomura Securities, comments: "Our mission has been to deliver a high quality solution in a cost efficient manner, keeping pace with business and industry demands. We are very excited to be working with Esprow’s Nozomi, which promises to automate a significant portion of our regression tests, perform detailed field by field comparisons, allow developers early access to the regression suite and allow QA to concentrate on verification of new functionalities."
Francesco Lo Conte, Managing Director of Esprow in Singapore, comments: "It is our great pleasure to announce that Nomura Securities has selected Esprow’s Nozomi platform. Nomura has made a forward-looking decision in selecting Nozomi ETP for their test automation requirements. Our goal is to automate the software testing pipeline across multiple protocols so that business ideas can be turned into revenue-generating solutions with speed and confidence. Esprow has extensive experience in managing the life-cycle of enterprise trading systems and we have recently expanded our platform to cater for Nomura’s specific needs. I am confident that Esprow will deliver against Nomura's current technological needs, and we will continue to evolve and enhance our systems to meet their future needs too."
Esprow continues to work closely with Nomura Securities to ensure the platform’s features remain aligned with their requirements and to provide ongoing support to changing technology challenges and their evolving product roadmap.
Esprow’s Nozomi ETP automates testing, simulation and certification of trading components across a growing range of financial messaging protocols. Launched in 2012, Nozomi ETP represents the next-generation integrated testing framework that addresses the needs of the development, QA and risk management departments. Nozomi is quickly grabbing the attention of the industry’s most forward-looking participants aiming to increase the stability of their systems, reducing technology risk and gaining a competitive advantage in the market through improved software development cycles.