OpenDoor selects Esprow ETP Studio to automate testing of their FIX connectivity
New York, 24th September 2020 – Esprow LLC, a leading global provider of testing and compliance
automation solutions for the financial industry, has today announced that OpenDoor Securities LLC, provider of the only anonymous dark, all-to-all trading venue for both current and off-the-
run U.S. Treasuries and TIPS, has adopted Esprow ETP Studio for automated testing of their
Esprow ETP Studio is the industry’s leading solution for FIX protocol testing. ETP Studio provides
sophisticated tools to execute FIX regression testing and FIX ad-hoc testing of FIX-based trading
systems. Launched 8 years ago, ETP Studio was quickly adopted by enterprise financial
institutions in North America, EMEA, and APAC due to its unique multi-protocol support for FIX
and binary protocols, its active development roadmap, and because of its premium follow-the-
sun support services offered by Esprow offices in Japan, Singapore, St. Petersburg, and New York.
As a result of this engagement, OpenDoor Securities was able to carry out testing and maintain
the reliability of its FIX trading APIs.
Josh Holden, CIO at OpenDoor Trading, comments: "In today's markets, clients value data,
order routing and STP more than ever, and a robust FIX framework has become a requirement.
Esprow ETP Studio has proven invaluable in our efforts to rapidly deliver our FIX connectivity to
a wide variety of clients and stakeholders."
Francesco Lo Conte, Managing Director at Esprow in New York, comments: "Like many forward
looking Wall Street players, OpenDoor decided to focus on delivering their core business
proposition to their clients, and instead of building an in-house testing framework, they opted to
deploy ETP Studio, a battle-tested toolset that met all their requirements for FIX protocol testing.
At Esprow we believe that by partnering with us, clients get the best of both worlds: quick
deployment of a premium technology for FIX testing, and an active development roadmap that
approximates their own development team, keeping our products highly aligned to their needs.”
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 OpenDoor Securities
OpenDoor is a broker-dealer and financial technology company providing institutional investors
tools to improve their execution quality across the U.S. Treasury market, including on-the-run,
off-the-run, and TIPS. OpenDoor’s market-based solution enhances the value of the buy-side’s
dealer relationships by employing a riskless principal model. The model allows OpenDoor to
compensate its intermediaries for executing, clearing, and settling matched trades without
requiring them to take market risk. Headquartered in Jersey City, New Jersey, OpenDoor has a
client base that consists of pension funds, sovereign wealth funds, primary dealers, asset
managers, hedge funds, and trading firms.
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,
For further information please contact:
Tel: +1 (646) 583 0711
Email: [email protected]
OpenDoor Securities LLC
Marie C. Patton
Chief Operating Officer
Tel: +1 (201) 299 9782
Email: [email protected]
For more information about Esprow and ETP Studio, visit esprow.com
For more information about OpenDoor Securities LLC, visit opendoorllc.com