The Next Generation of Testing Tools for Exchanges

Iosif Itkin Exactpro Systems 24 March 2015

Test Tools Typology

• Connectivity Testing

• Test Automation

• Load Testing

2

Generic Test Tools

• No Connectivity Layer

• No Session Layer

• No Framework for Messages

3

Trading Test Tool

4

Test Tools Evolution

5

Passive Testing – investigating the behavior of a system without affecting its operations

Generic

Trading

+Passive

Passive Testing

6

Test Tools Evolution

7

Passive Testing – invaluable for Client

onboarding and certification

Generic

Trading

+Passive

Ideal Passive Testing Tool

8

Production Monitoring System

9

Ideal Active Testing Tool

10

Production Algo Trading Engine

11

Test Tools Evolution

12

Testing at the

Confluence of Functional and Non-Functional

Generic

Trading

+Passive

Production

Test Tools Evolution

Generic

13

Trading

+Passive

Production

Mutated and Deformed

NextGeneration

14

Human Intelligence is Still Required

Build Software to Test Software

15

ClearTH:• Post-Trade testing tool• Verifies each stage of the DLC• Integrated schedule• Automated matrices• Can create multiple days test scenarios• Concurrent multiple tests• Integrated simulators• SWIFT ISO protocol support

Minirobots:• Executes multithreaded java code• Complexity of test algorithms is defined by the test developer• Supports multiple client fix connections, order entry and market data via FIX• Can use GUI to iterate through sent and received messages

Dolphin:• Model-based testing of market surveillance systems• Production-scale capacity and throughput• Interactive real-time alerts and reports

Shsha:• Post-transactional tool• Analyzes clients' activity and forecasts system response • Parses and displays logs in a user-friendly way• Parses messages and then puts each to a data base table where each column corresponds to each message field• Allows making summarized reports, etc• Easy to understand GUI

Load Injector:• Simulates multiple client connections with a specified load shape for each connection or a group of connections• Up to 75K messages / second from a single CPU core• Measures latencies in microsecond range• Performance test reports

Sailfish:• Can test Order Entry, Market Data and Post Trade connections in one test scenario• Each test scenario is independent• Allows running test scripts in any sequence• Simulation of multiple user connections• Server simulators• All messages are stored into a data base• Generates test reports

Thank You

16