Rigorous Q/A testing ensures success of new broker-dealer platform
Rigorous Q/A testing ensures success of new broker-dealer platform
2 Pages© Copyright 2018. VMS, LLC. All rights reserved. 1 VMS VMS Consulting for the Financial Industry VMS manages entire project and delivers new system on schedule Customer Challenge At its headquarters in New York, a major financial institution needed to take remedial action on a broker-dealer trading platform that was proving inadequate in several aspects. The system offered only batch-time rather than real-time trading, lacked sufficient audit trails for every transaction, and bumped into capacity issues when trade volume increased. The firm planned to deploy a new off-the-shelf platform that required significant testing as well as modifications to adjacent systems that handle employee options trading and stock purchase plans. With a new system comes risk. Changes in one part of a sy
