Automating Testing on a Fixed Income Trading System.
Test Process – Futures.
MUREX MX G2000  Test Centre Implementation
Cross-system test centre
Automated Regression Testing of SUMMIT Trading System
System Testing Credit Derivatives
Case Studies

Our client, a Tier-1 US Investment Bank, operates a real-time fixed-income trading system for user-friendly high performance trading.

The client was suffering from the pitfalls of high manual testing on their GUI trades system – low coverage for releases, high headcount, and unrepeatable testware. They knew that developing automated test scripts to work with the manual, would reduce overhead and increase the volume and quality of testing.

Our team created a full reusable e2e suite of manual and automated tests in use for all releases systems. 85% of the functional tests were automated within six months, Trade coverage increased from 40 trades to 1000+ trades per test cycle, and the overhead of a manual test team was reduced by more than 50%.

A leading UK retail and investment bank contacted us about their Futures Front Office Technology and Operations teams in the UK and Chicago. The lack of centralised defect tracking, control and processes was causing recurring issues and convoluted communication and reporting problems.

The 3MEX team created a centralised and transparent process to track, manage and resolve defects and issues. It was seamlessly implemented and resulted in a visible, integrated, accurate and fast problem resolution system for the client bank.

One London-based finance client contacted us with issues arising around their MX G2000 implementation supporting Interest Rate Derivatives (IRD), Credit Derivatives and FX Derivatives front, middle and back office.

The software testing methodologies had grown organically and evolved into an unwieldy collection of manual activities. This was severely impacting on release timescales particularly when the software went into UAT.

The 3MEX team worked closely with the client to create a reusable test strategy and transfer tools and skills to the incumbent team. The solution significantly improved coverage, visibility and risk management, which in turn increased confidence in the IT service within the business and improved working relationships.

Our client’s IRD line of business had a haphazard and disparate approach to testing across their Front and Middle Office, Risk Reporting and Back Office architectures, which was causing problems in UAT.

3MEX created a cross-system test centre which would work across the three distinct systems, introducing processes and standard terminology, and automating regression testing.

Greatly enhanced test coverage wasn’t the only benefit. More organised and transparent communication to peer departments improved understanding within the business, and management was happy with the improved visibility of release status.

3MEX was asked to analyse the regression test pack for a Treasury Department’s Straight Through Processing SUMMIT Trading System, and develop an automated regression test pack using a leading automation tool.
As a result of the automation, coverage increased more than tenfold.

3MEX was asked to assist the Credit Derivatives development team with system-testing a Deal Entry, Deal Enquiry and Modelling system which supports the Credit Derivatives business line of a global investment bank. The challenge was also to improve the level of testing on AUT through multiple releases.

The number of system test defects found in later stages of testing or in production dropped dramatically, and critical issues in production reduced to fewer than ten.