Our client, a leading global financial institution, specializes in investment management services. With $727 billion in assets under management, they serve a diverse range of clients, from individual investors to large institutions. This prestigious firm relies on a sophisticated post-trade processing application, Calypso, to manage, confirm, and settle trades efficiently while ensuring regulatory compliance. Given the dynamic nature of financial regulations and market demands, Calypso undergoes frequent upgrades and enhancements to stay aligned with industry standards.
For the past decade, Quinnox has been instrumental in supporting the client’s Calypso operations with an Automated QA Framework leveraging QFrame and SmartCompare. This framework has been pivotal in executing regression testing for every custom build release of Calypso, ensuring seamless transitions and impeccable performance.
As the client’s business evolved, introducing new products, functionalities, and peripheral applications, the complexity of their infrastructure also increased. This growth posed significant challenges:
Understanding the critical need for efficient and reliable upgrades, Quinnox stepped in with a strategic approach, leveraging our proprietary tools and methodologies:
Here’s a breakdown of the solutions implemented:
1. QFrame Execution Speed Optimization
2. Trade Data Capture Time Reduction
3. Simplified Compression Scenarios
4. Automated Performance Testing
These solutions collectively transformed the regression testing process, making it more streamlined and efficient.
Quinnox, with its innovative solutions, delivered significant improvements and efficiencies for the client’s Calypso upgrade process: The key results achieved include:
By partnering with Quinnox, the client not only streamlined their Calypso upgrade process but also reinforced their position as a leader in the financial services industry, ensuring compliance, efficiency, and operational excellence.
Legacy trading systems have served as the financial industry's backbone; however, these systems have significant flaws that prevent banks from keeping up with changing regulatory landscapes.
Read moreOur client is one of the largest investment management firms renowned for its in-depth research, innovative investment solutions, and robust risk management strategies managing $757 billion in assets worldwide for a broad spectrum of clients ranging from individual investors to large institutions
Read moreAs a financial institution, do you still rely on manual testing methods that let bugs slip through and compromise your software quality
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