OpenDoor selects Esprow ETP Studio to automate testing of their FIX connectivity
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 FIX connectivity.
September 24th 2020
Esprow launches ETP GSP, a package of pre-built FIX simulators for global markets
Market participants in all tiers and across roles, including banks, brokers, and vendors, constantly need access to testing environments provided by FIX trading venues. Oftentimes, access is only available at certain times of the day and in faraway time zones. It might also require payment of charges to access it, while participants usually have no control on the environment itself if they need to test edge-case scenarios.
April 2nd 2018
MIFID II fuelling demand for Esprow compliance solutions in Europe and US
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.
November 21st 2017
Esprow upgrades ETP Studio for FIX, delivering new features and support for over 70 new venues
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.
November 20th 2017
Esprow launches ETP GEMS, the Global Exchanges and Markets Simulation Platform
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.
April 25th 2017
Esprow releases ETP C-Box update for automated MiFID II compliance certification
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".
March 28th 2017
Esprow releases support for OUCH and ITCH protocols in ETP Studio.
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.
January 23rd 2017
Esprow Unveils New Tokyo Office
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.
March 14th 2016
Esprow's Nozomi ETP integrates SWIFT MT/MX messaging standard
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.
August 5th 2014