Exactpro to test Skytra’s new derivatives trading software

Airline risk management venture, Skytra, has employed the services of software quality assurance firm Exactpro Systems. The software testing partnership will ensure stakeholders in the quality of the Skytra’s derivatives trading platform before it goes live.

Airbus subsidiary Skytra provides air travel industry with solutions to hedge and manage its revenue volatility risks brought by short-term revenue visibility and support long-term financial planning for airline operators. The venture will allow cash-settled futures trade and options contracts based on Skytra Price Indices developed with the air travel industry.

Skytra is also applying for authorization with the Financial Conduct Authority (FCA) to serve as Benchmark Administrator and to operate a Multilateral Trading Facility (MTF). Financial market infrastructure technology provider, Nasdaq, will develop, host and manage the technology for the company’s trading site.

Based on the results of RFQ process, Skytra and Exactpro have signed a Master Services Agreement for IT consultancy and software testing services of Exactpro on Skytra’s trading platform.

Jeremy Norwood, CIO of Skytra, commented:

Jeremy Norwood

Our timescales for launch are challenging, and we needed an experienced IT partner who could help us ensure that the delivered software works as per our business, operational and regulatory requirements. Exactpro will conduct a number of independent, unbiased functional and regression test cycles as part of our overall delivery programme. I am confident that Exactpro, with its proven track record of successful delivery of quality assurance projects for the financial services industry, will provide exceptional service for Skytra.

Alexey Zverev, Co-Founder and Director of Exactpro, stated:

We are honoured to have been selected by Skytra to work on this ambitious undertaking in collaboration with our Skytra and Nasdaq colleagues. On our end, we have allocated an experienced agile project team equipped with our tools built for automated testing of our clients’ software.

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