Quality Assurance in OTC and ETF Trading Applications in Secondary Market

Abstract

As more and more Investment banks, Hedge Fund Companies and Financial Institutions are investing in their Trading Platforms to achieve best possible Trading Solutions, it becomes very important to understand what trading scenarios need to be tested to ensure a robust and reliable product. A small glitch in the trading applications can have significant financial and reputational implications. It can cause companies to lose millions of dollars in transactions, there could be regulatory fines and penalties, litigation costs, and the reputation of the Company could also be at risk. This paper studies different scenarios that should be considered to be tested for OTC and ETF Trading Applications, to mitigate the risk of technical glitches and their adverse effects on the company.