Forex and CFD pricing bridge technology provider Gold-I has selected the Coverity Develepmont Testing Platform for testing its products. Coverity, a San Francisco based technology testing company provides solutions for companies to evaluate their software code for quality assurance and spotting errors. With software becoming more complex due to increased uses and integration demands, technology companies providing solutions to detect the source of code failure are becoming a fast growing niche. Earlier this week, New Relic, a similar code evaluation firm that specializes in monitoring website and server performance raised $80 million in a deal that valued the company at $750 million. For Gold-I, the firm has stated that they will be using Coverity to ensure platform resilience in its high frequency trading environment.
Gold-i Selects Coverity to Mitigate Risk of Software Failures in Trading Systems
SAN FRANCISCO and LONDON , February 7, 2013 – Coverity, Inc., the development testing leader, and Gold-i, an award-winning international integrator of trading systems, today announced that Gold-i has selected the Coverity® Development Testing Platform as a strategic part of its mission to ensure high quality and platform resilience for high-frequency trading.
“Software quality is our number one business priority. Issues with our software which prohibit client trading could potentially cause financial and/or reputational losses for our customers. We simply cannot afford to take any risks when it comes to platform stability,” said Tom Higgins, CEO of Gold-i Ltd. “We pride ourselves on offering real-time integration between retail brokers and their liquidity providers, with a software platform that runs at over 99.999% accuracy. The Coverity Development Testing Platform helps us to ensure system speed and reliability within rapid software delivery cycles, giving us a real competitive advantage.”
As part of its development testing rollout, Gold-i used Coverity Quality Advisor to find and fix critical software defects that could lead to reliability and performance issues, as early as possible in the software development lifecycle. Prior to engaging Coverity, Gold-i already had robust Quality Assurance (QA) procedures in place to ensure the reliability of its trading platform, but Coverity offered an additional quality measure that immediately surfaced software issues in the code, directly in the development workflow, so they could be fixed before the code ever made its way to QA.
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“Development testing is a key enabler for Gold-i when it comes to ensuring both the speed and resilience of its trading platform,” said Jennifer Johnson, VP of Marketing at Coverity. “The race to deliver new software functionality is a critical source of competitive advantage in the investment banking and high-frequency trading market. We are working with some of the world’s leading financial institutions to build development testing into their development process as a way to rapidly deliver new software functionality to market while helping to mitigate the business risk of software failures.”
The Coverity Development Testing Platform enables software development organizations to unify quality and security testing with an integrated, developer-ready solution. Coverity Quality Advisor, a product within the platform, surfaces quality defects in the developer workflow, with accuracy and actionable remediation guidance. The platform is built on the award-winning Coverity SAVE® Static Analysis Verification Engine, which applies multiple patented techniques for accurate issue detection.
Coverity, Inc. (www.coverity.com), the development testing leader, is the trusted standard for companies that need to protect their brands and bottom lines from software failures. More than 1,100 Coverity customers use Coverity’s development testing suite of products to automatically test source code for software defects that could lead to product crashes, unexpected behavior, security breaches or catastrophic failure. Coverity is a privately held company headquartered in San Francisco. Coverity is funded by Foundation Capital and Benchmark Capital. Follow us on Twitter or check out our blog.
Gold-i is the multi-award winning trading systems integrator. Based in Guildford, UK, 20 miles south of London, in the Surrey Technology Centre, Gold-i employs a team of developers, quality assurance personnel and IT operations specialists to both service existing customers and build new products. All new products go through rigorous testing before release to give brokers and banks the assurance they need so that they can get on with their core business without costly interruption. Gold-i prides itself on building good long lasting business relations by valuing its clients and working together to solve business problems.