NYSE and Load Testing – The increasing importance of QA (Testing)
Are you a project manager or delivery manager with thinking that Software Testing is an optional activity in project delivery? Do you think that partial testing will be fine for your software? Do you think that Development and Delivery are more important than testing the developed software thoroughly?
If your answer is YES for above questions then Be Ready to Face the Risk of Facing Disasters or Failures anytime.
It was old mentality of typical software delivery professionals to consider testing optional. New age software delivery professionals know the importance of software testing.
As per the recent news, the New York Stock Exchange (NYSE) said it will hold a test run of Alibaba Group Holding’s highly anticipated market debut, reflecting the securities industry’s focus on risk controls after a raft of technical snafus in recent years.
NYSE, owned by Intercontinental Exchange Inc (ICE), said in a note to traders on Tuesday it would allow firms to test their trading software ahead of the initial public offering of Alibaba on July 12 for a listing on the New York Stock Exchange.
The Chinese e-commerce company’s trading debut this summer could be the largest-ever technology IPO in the U.S., possibly eclipsing Facebook Inc’s <FB.O> $15 billion share sale in May 2012.
Facebook’s trading debut on Nasdaq OMX Group’s <NDAQ.O> exchange was plagued with software problems as massive volumes of orders came in, setting off a chain of events that market-making firms said cost them a combined $500 million.
Nasdaq, which was fined $10 million by the U.S. Securities and Exchange Commission over the problems, said it would voluntarily compensate firms that had been harmed up to a total of $62 million.
NYSE regularly conducts systems testing during the weekends but it was only last October, ahead of Twitter Inc’s <TWTR.N> market debut, that it opened up for an IPO simulation requested by member firms, many of which participated in Facebook’s IPO.
During the Twitter IPO simulation, NYSE was testing mainly for two things: To see if its systems could handle the amount of message traffic that might be generated by the IPO; and to make sure that once the IPO took place any firms that placed orders would promptly receive the reports telling them that their orders had been executed.
The Facebook incident was one of a number of high-profile technology-related problems that have roiled markets and weighed on investor confidence in recent years, placing a bigger focus on operational risk by regulators and market participants.
There are plenty of real-time examples which says again and again that Software Testing is the MUST but still there are organizations and professionals who live in the world of ignorance! This is the time where Quality takes prime importance in the software industry and the most important layer is Software Testing.
Disclaimer: The article/post is posted with the purpose of sharing knowledge and information. The article may contain references or content from other informative sources.
Researched/Authored/Compiled by Ronak Shah [Practice Head- Software Testing (QA), CIGNEX Datamatics]
About the author– Ronak Shah is the well-known Software Quality Strategist/Manager, QA Architect and the man behind delivering hundreds of “quality” software solutions worldwide to the enterprises including Fortune Global 500 companies. He is proficient in setting up, developing and managing independent Software Testing (QA) practice/department from the scratch in the organizations with his strong capabilities around team building, competence building and CMMi processes design and implementation. His leadership and management skills have won him many prestigious awards, recognitions and accolades from various organizations and esteemed clients for his outstanding performance, value-added contributions and his expert knowledge in “all types of software testing”. Ronak Shah (National Software Testing Topper Rank-1 as per TechGig.com, Geek Challenge Winner on ZDNet.com) can be reached at email@example.com.