Success Stories
With test automation, world's top derivatives house reduces the test execution effort of transaction processing system by 40%
Business Need- Customer needed to keep Summit™, its key back office transaction processing product, stable, reliable and updated to the challenges of a changing and rapidly growing derivative market.
- Current Summit system is able to handle only limited financial instruments entered through Summit FO systems
- The current Summit Test Suite with 8000+ test cases is predominantly manual and consumed longer turn around time for each product update.
- Rapid Application Development (RAD) approach is adapted for quick turn around time
- To extend Summit functionality to cover the full spectrum of financial instruments, handle all trade lifecycle events automatically, HCL built a bridge in two phases.
- Phase 1: POC addressing a plain vanilla instrument to be developed on-site
- Phase 2: Full-fledged solution catering to all instruments to be developed offshore
- 98% Automation of all the Test Packs in a prioritized manner
- Test Execution effort for each release brought down by 40%
- Savings of Euro 100,000 per test regression run
- Release time for each version compressed from 21 to 7 Days
- Reduction in the turn around time to launch new rate instruments in the market
- Maintenance of consistent system performance, business continuity and remote access
