Nasdaq launches trading system testing solution

Thursday 24 February 2022 15:07 CET | News

Nasdaq has announced the launch of Nasdaq Universal Test Facility, a new market simulation solution aimed at financial institutions looking to test their trading systems.

The service has been developed in collaboration with Sequitor Engineering, a Swedish fintech startup. Nasdaq Universal Test Facility is a cloud enabled, software as a service (SaaS) solution, that provides financial institutions with simulated trading on a range of global electronic marketplaces.

It provides full-scale, replicas of exchange test systems, where customers have full control over test scenarios executed in isolation from the rest of the market. Sequitor was founded in 2019 by to address the lack of effective testing facilities that they had observed working with financial electronic trading systems. Nasdaq Universal Test Facility is available to clients now.

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Keywords: fintech, SaaS, financial institutions, trading platform
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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