Exactpro Systems today announces that it was engaged by Astana International Financial Centre (AIFC) to deliver functional and non-functional testing for Astana International Exchange (AIX), the nascent new high-tech exchange platform in Kazakhstan.
The new exchange was created within the AIFC in cooperation with a shareholder and strategic partner from among the leading stock exchanges - Shanghai Stock Exchange (SSE). AIX is based on best international practice and powered by Nasdaq Matching Engine under a technology deal between the AIFC and Nasdaq.
Kazakhstan’s largest companies turn to international capital markets to meet their financing needs. With rapid economic growth and a highly attractive pipeline of IPOs/SPOs in the Central Asia, there is an increasing need for a liquid, well-balanced and efficient regional stock market with a broad range of financial instruments whose successful implementation is crucial for the AIFC.
Exactpro specializes in quality assurance and software testing for market infrastructures and systems that process wholesale financial products across asset classes. This includes trading systems, risk management, market surveillance, securities data distribution, and post-trade platforms worldwide.