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1. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Client Certification
Using Shsha
Open Access Quality Assurance & Related Software Development for Financial Markets
Tel: +7 495 640 2460, +1 415 830 38 49
www.exactpro.com
Exactpro

2. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
www.exactpro.com2
Client Certification is a special kind of testing conducted to ensure the
compatibility of automated trading systems connected to an exchange or
broker via financial industry protocols
• Client certification is mandatory for any operator of an exchange or broker
platform providing an opportunity to perform financial transactions
• Client certification has become a common practice in the financial industry
Certification

3. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Typical Challenges
Certification testing involves representatives of different organizations.
Therefore the process requires a substantial amount of coordination and
teamwork
Let’s go through some of the typical challenges that could be faced during
client certification

4. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
www.exactpro.com4
Time Zones

5. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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The existence of world time zones causes difficulties with planning and
coordination of testing by teams of professionals physically located in various
parts of the globe
Time Zones

6. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Performance

7. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Certification can be required by several clients concurrently
due to business or technical events, such as the deployment
of new software, regulatory or technical requirements
Performance

8. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
www.exactpro.com8
Competency

9. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Quality Assurance specialist conducting certification must have the adequate
level of technical and business knowledge
Competency

10. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Coverage

11. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Certification tests must be based on typical scenarios and produce
meaningful results
Coverage

12. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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What Could Help Us To Solve These Problems?

13. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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• Creation of more optimal automated technological solutions for
certification testing and the analysis of test results
• Usage of passive methods to analyze the success of certification procedure,
such as traffic capture of network connections or data from log files
In our opinion, the process of client certification can benefit from the inclusion of
passive testing in it.
What Could Help Us To Solve These Problems?

14. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Passive Testing
Passive testing is a software testing technique that observes the system without
interaction
Passive test tool does not affect the system under test and does not create
additional message streams

15. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Meet Shsha!
• Passive post-transactional tool
• Supports various industry-standard and proprietary
protocols
• Analyzes clients' activity and forecasts system
response
• Parses and displays logs in a user-friendly way
• Parses messages and then puts each to a database
table where each column corresponds to each
message field
• Can process massive amounts of heterogeneous
clients connections data
• Allows making summarized reports, etc.
• Easy to understand GUI

16. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
www.exactpro.com16
Shsha Operating Model

17. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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• Shsha captures all messages sent to the exchange by the client or vice
versa, parses each message and puts the data into a relational
database.
• By using SQL queries, the certifying organization's analyst can receive
the statistics about the attempts to perform the steps in the test scenario
and their success for every trading participant.
• Network packets data also allows finding additional problems, such as
connectivity breaks or message buffering issues.
Shsha Operating Model

18. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Shsha: Time Zones
It’s easy to plan and coordinate testing process in different time zones having a
passive tool which stores all the required information in the database and is
accessible any time around the clock.

19. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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As a passive tool, Shsha does not affect the system under test and
does not create additional message streams
Shsha: Performance

20. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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The trading participants can just connect to the test environment and send the
orders listed in the provided test scenario.
There’s no need to install any additional software, collect logs, etc.
Shsha: Competency

21. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Shsha provides built-in groups of SQL scenarios covering all client
connectivity certification requirements issued by the trading coordinator for a
number of exchange platforms
Shsha: Coverage

22. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Reporting

23. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
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Thank You!