Exactpro Enables Testing for DAML-built Applications
Post-trade activities are a crucial part of the overall trade process. As more large scale distributed ledger technology (DLT) projects come to life, stress testing DLT applications becomes necessary to ensure these new applications can meet the demanding requirements of the post-trade processing landscape.
Recently, Exactpro announced that it has expanded and adapted its post-trade testing suite capabilities for emerging technologies. Through ClearTH, its test automation framework, the QA specialist firm is now offering software testing for DLT applications built using DAML..
Exactpro focuses on functional and non-functional testing and software development of systems that process wholesale financial products across multiple asset classes, such as trading and clearing, risk management, market surveillance, securities data distribution, and post-trade infrastructure. It offers services to exchanges, investment banks, brokers, technology companies and other financial sector organizations worldwide.
At the product level, ClearTH automatically triggers different life cycle events, such as cash flow generation, trade execution, novation, termination, and simulates various potential actions of different parties involved in a business process, such as initiating transactions or accepting trades. It also automates the validation of the functional work flow of swaps implemented in the IRS & CDS Swaps Lifecycle Module application based on the Common Domain Model (CDM) developed by the International Swaps and Derivatives Association (ISDA).
The ClearTH framework solves two key problems related to the resilience of mission-critical financial technology platforms:
- It addresses the extreme complexity of both their structure and business logic and facilitates the process of migration of these platforms to a new stack of technological solutions by providing the functionalities of validation and verification.
- Used on top of DAML-based applications, ClearTH provides a blockchain framework-agnostic testing inventory for DLT solutions. The framework addresses the challenges of test automation for DLT systems that are underpinned by different blockchain-inspired frameworks and enhanced with such industry standardization solutions as DAML and CDM.
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