– Continuum by Itiviti brings a powerful new automated FIX testing technology for trading systems
– Announcement follows the recent merger of Orc and CameronTec to create the most comprehensive trading, connectivity and services offering
Stockholm & London, March 1, 2016 – Itiviti, a world-leading technology provider for the capital markets industry, today announced the launch of Continuum by Itiviti, the industry’s most comprehensive enterprise testing solution that redefines the way firms test trading systems. It delivers immediate benefits for the capital markets in the critical areas of compliance and growth. Itiviti, the recently formed global fintech company, brings together premier advanced technology, connectivity and premium products and services.
Continuum, Itiviti's first new product offering, automates regression testing across an electronic trading ecosystem and intelligently leverages all system and counterparty behaviour and production data to execute the process. It is a powerful new approach that fundamentally changes how testing is performed, designed specifically to empower complex trading environments.
“It is very satisfying to introduce Continuum as the first new offering under the Itiviti brand,” says Jonas Hansbo, Chief Strategy Officer, Itiviti. “It clearly demonstrates our commitment to game-changing innovation and that Itiviti’s solutions address the entire trading system lifecycle.”
The business case for Continuum is made even more compelling given the market pressures caused by squeezed profitability in the face of stagnant trading volumes, increased regulations, and stifling competition. Continuum employs a continuous approach to testing by delivering automated test suites that reduce the complexity of system integration and migration projects which allows firms to deploy trading system changes quickly and confidently. This is made possible by building upon the principles of model based testing and service virtualization.
“Trading systems are constantly evolving and responding to new regulations, functionality, and customer requirements,” says Jim Northey, Principal Consultant and Industry Standards Liaison, Itiviti. “The launch of Continuum delivers a new powerful testing solution for firms looking to achieve critical regulation and compliance requirements, without the laborious upfront construction of test suites or the burden of ongoing maintenance costs and overhead. To address and harness systems evolution, a more robust testing strategy will protect firms from undetected trading cases and scenarios - right through to potential significant system failures that can result in irreversible loss in investor confidence.”
Formed by the unification of Orc Group and CameronTec Group, Itiviti continues to develop, market, and support existing technology products and solutions including Orc Tbricks and Catalys. Continuum is the first new product offering from Itiviti. All Itiviti solutions are backed by a highly skilled, global services organization. Through combining client and industry insight with technology expertise, Itiviti is uniquely positioned to provide effective support to its customers.
Itiviti’s Managed Services offers a fully managed solution to replace in-house trading infrastructure, reducing cost of ownership and allowing customers to concentrate fully on core trading activities. The high-performance, low latency Itiviti ecosystem includes market connectivity, systems operations, monitoring, backup and failover procedures.
Continuum by Itiviti highlights:
Supports a continuous approach to testing by delivering automated test suites.
Reduces complexity of integration and migration projects with counterparty behavior simulation.
Helps firms meet critical regulation and compliance requirements.
Fully automates regression testing with existing production data.
Provides immediate visibility into the quality of trading systems.
Firms can deploy trading system updates faster and with more confidence.
Builds upon the principles of model based testing and service virtualization.
Itiviti will be exhibiting at the 2016 EMEA Trading Conference in London on March 3rd at Old Billingsgate and are pleased to be showcasing its latest fintech offering, Continuum.
Itiviti is a world-leading technology provider for the capital markets industry. Trading firms, banks, brokers and institutional clients rely on Itiviti technology, solutions and expertise for streamlining daily operations, while gaining sustainable competitive edge in global markets.
With 13 offices and serving more than 400 customers worldwide, Itiviti was formed by uniting Orc Group, a leader in trading and electronic execution, and CameronTec Group, the global standard in financial messaging infrastructure and connectivity. From its foundation in 2016, Itiviti has a staff of 400 and an estimated annual revenue of SEK 700 million.
Itiviti is committed to continuous innovation to deliver trading infrastructure built for today’s dynamic markets, offering highly adaptable platforms and solutions, enabling clients to stay ahead of competitive and regulatory challenges.
Itiviti is owned by Nordic Capital Fund VII.
For further information, please contact:
Jim Northey, Principal Consultant and Industry Standards Liaison, Itiviti. Tel. +1 312 623 0004
Christine Blinke, Chief Marketing Officer, Itiviti, Tel. +46 739 01 02 01