Esprow ETP Studio Multi-Protocol

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Discover how end-to-end multi-protocol testing delivers a competitive advantage

ETP Studio is a modular environment to create rich test scripts that test your systems' APIs. You can use many of its protocol adapters to enable the same functionality across many technologies, like FIX, TIBCO, MQ, JMS and any other transport or codec used by your applications.

With a wealth of test commands and even custom packages of commands, you can use ETP Studio to realize truly end-to-end testing of complex architectures. For example, you can test your straight-through-processing chain to simulate incoming client flow, exchange flow and liquidity providers to execute and test complex business scenarios.

With its modular architecture, you only see the tools you need, leaving all other complexities out. Or you can power-up your toolset by adding plug-ins with advanced testing features.

Key Features


Achieve complete regression testing before every release. Connect and test individual services provided by different business modules.

  • Standard Trading Workflows
  • Custom Trading Workflows
  • FIX Engines and Bridges
  • Market Data Providers
  • Post-Upgrade Checks
  • Post-Migration Checks
  • FIX-Based Trading Platforms
  • Service Providers’ FIX Interfaces


Exercise 100% of your business functionality, across the trade lifecycle and trading functions. Verify functionality verticals across business areas.

  • Order Entry, Execution and Booking
  • Principal and Agency Trading
  • High-Touch STP Chain
  • DMA STP Chain
  • Position Keeping
  • Order Routing
  • Algorithmic Trading Frameworks
  • Back-Office/Settlement Systems


Test the integration of your systems within the trading architecture. Verify trading limits, fail-over scenarios, authorized transactions and mission-critical capabilities.

  • Counterparty & Market Connectivity
  • Down-Stream Systems (Middle & Back Office)
  • Global Order Management & Routing
  • External Interfaces (MD, MQ, JMS, etc.)
  • Trading Limits
  • External Access Control / Permissioning
  • Pre-Trade/Post-Trade Checks
  • Fail-Over Scenarios


Exhaust system bandwidth over multiple FIX sessions to test performance and resiliency. Cross-check consistency of static reference data with transactions and SQL queries.

  • Prevent performance degradation
  • Verify consistency of Reference Data

Key Benefits

Explore the most comprehensive framework to automate testing of multi-protocol financial applications.

ESPROW ETP STUDIO is the leading enterprise testing tool for the FIX protocol. Easy to use and rich in features, it is used by banks, brokers, exchanges, and market data vendors to deliver efficient testing of their FIX and multi-protocol financial systems. It is designed to fulfil the requirements of sophisticated technical users looking to build complex test workflows, and QA teams looking for a no-frills click-and-test solution. The ETP platform is structured as an integrated suite of applications, each one modular and configurable, to automate testing of multi-protocol financial systems, on-boarding and certification of counterparties, and simulation of native exchanges and brokers.

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