SoftSolutions, the fixed income trading technology provider, has announced that a major Scandinavian bank is completing testing of the latest version of nexRates using the SoftSolutions’ Testing as a Service (TeaaS) – a new capability designed to provide a fully-hosted and managed test environment with access to trading venue test connections.
SoftSolutions has developed the TeaaS cloud-based platform on the AWS Cloud as an ‘on-demand’ service that provides a fully functional test environment, configured and active for all the nexRates product features that can be set up and used as needed. The firm says that it ensures clients only pay for the test infrastructure when the environment is in use, and once testing is complete, the environment is simply decommissioned.
Each client TeaaS environment replicates the clients’ own configuration and usage patterns with the expectation that realistic testing can occur, simulating the client’s production environment for end-to-end testing – from cloud-based end-user consoles through to trading venue test environments.
These client configurations are also stored by the SoftSolutions team, so environments can be stood up on AWS infrastructure, as-and-when a client needs to conduct testing. A library of automated testing scripts is also available for clients to customise and add to for their own specific testing requirements.
SoftSolutions reports that the first client has been able to test interest rate swaps trading on Tradeweb using nexRates and TransFICC’s hosted gateways in a dedicated AWS environment.
The client is reportedly conducting a complete functional testing without having to set up dedicated test infrastructure of its own, including end-to-end connectivity from the trader terminal through to the Tradeweb’s test environment and resident Excel spreadsheets.
Roberto Cocchi, SoftSolutions CEO and founder, said “SoftSolutions recognised the high cost and low utilisation of dedicated on-premise trading system test environments. Our testing-as-a-service capability represented another way that we could provide value to our customers by allowing them to rapidly test new functionality and save them money as well.“
©Markets Media Europe, 2022
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