Nasdaq launches new quality assurance platform, Nasdaq Validator
Nasdaq has launched Nasdaq Validator to provide quality assurance (QA) for exchanges, clearing houses and central securities depositories (CSDs).
Nasdaq Validator is an API-independent testing platform offering manual and automated test tools for the capital markets industry.
It interfaces with Nasdaq’s matching, clearing and CSD systems, in addition to systems by other providers. It is currently in-use by Nasdaq and external clients.
Lars Ottersgård, executive vice president and head of market technology, Nasdaq, says the platform will reduce expenditures and shorten the go-to-market timetable.
Nasdaq Validator offers the following:
- Users working across the development lifecycle can test as they go, as no programming or scripting language is necessary to use the platform;
- A single platform that supports concurrent testing of multiple protocols, sessions in one graphical user interface;
- Scheduling and reporting can be done with overnight bulk regression suites;
- Problem solving abilities enabling sharing of scenarios between users to make remote analysis, rather than via email or by phone.
Down under and Deutsche Börse
Away from this launch, Nasdaq has been involved in two recent, notable deals.
Nasdaq will replace Australian Securities Exchange’s (ASX) existing equities and equity options clearing technology platforms. ASX says it wants to consolidate its post-trade platforms and this latest deal forms a “significant element” of its tech revamp programme outlined in February 2015.
Nasdaq also bought International Securities Exchange (ISE), operator of three US equity options exchanges, and ISE’s holding company US Exchange Holdings, from Deutsche Börse for $1.1 billion. The agreement excludes ownership interest in Bats Global Market and in Digital Asset Holdings, which will continue to be owned by Deutsche Börse.
