FALLS CHURCH, Va. and
PRINCETON, N.J., Nov. 19, 2015 /PRNewswire/ -- CSC (NYSE:
CSC), a global leader in next-generation IT services and solutions,
and Miami International Technologies, LLC (MIAX Technologies), a
wholly owned subsidiary of Miami International Holdings, Inc. and
affiliate of Miami International Securities Exchange, LLC (MIAX),
today announced they are teaming up to help capital markets clients
improve the efficiency, reliability and quality of their
applications testing and quality assurance.
Together the two companies will bring to market the CSC/MIAX
Technologies "Verify" solution, which promises to help financial
services firms improve quality and time-to-market of new software
releases, while significantly reducing testing costs.
Banks and capital market firms today are struggling to keep pace
with the increasing demands placed on IT and applications testing
capabilities by businesses, customers, and regulators. The most
critical front-and back-office applications supporting a trading
desk ecosystem, for example, regularly experience changes or
upgrades requiring functional and compliance testing before they
can be deployed. Compounding the problem, many investment banks and
trading desks still approach applications testing manually.
To stay competitive, financial services firms not only need to
shorten release cycles by improving the quality of code, but also
stem rising quality assurance and testing-related expenditures,
which have grown significantly over the last few years and continue
to grow at an accelerated rate.
"The Verify solution is a MIAX patented testing process that
helps banking and capital markets clients speed time-to-market and
dramatically reduce costs," said Mike
Steinharter, vice president & general manager, banking
& capital markets industry, CSC. "The solution, currently in
use by the MIAX Options Exchange, helps financial institutions
quickly respond to market changes and customer needs confidently
and cost-efficiently with new product releases."
"In addition to improved quality, efficiency and dramatically
lower testing costs," said Doug
Schafer, chief information officer and president of MIAX
Technologies, "the Verify framework has helped the MIAX Options
Exchange to create a culture of risk mitigation and compliance by
enabling repeatable and defined processes that are supported by an
automated audit trail."
The Verify framework provides automated, continuous validation
of the entire ecosystem, regardless of asset class or underlying
client infrastructure. This allows other business stakeholders such
as quality assurance, risk management and compliance to leverage
it, too. The tool can be used by the business when introducing new
functionality to understand potential impacts while also validating
those changes in new software releases.
The new CSC/MIAX Technologies "Verify" solution is available
today. To learn more about CSC Banking & Capital Markets
portfolio, visit http://www.csc.com/banking.
About CSC
Computer Sciences Corporation (CSC) is a
global leader of next generation information technology (IT)
services and solutions. The Company's mission is to enable superior
returns on our clients' technology investments through
best-in-class industry solutions, domain expertise and global
scale. CSC has approximately 70,000 employees and reported revenue
of $11.3 billion for the 12 months
ended October 2, 2015. For more
information, visit the company's website at www.csc.com.
About MIAX Technologies
Miami International
Technologies, LLC (MIAX Technologies) is a wholly-owned subsidiary
of Miami International Holdings, Inc. (MIH). MIAX
Technologies is MIH's technology subsidiary for the sale and/or
license of MIAX trading technology. For more information, visit
www.MIAXOptions.com.
CSC Contacts
- Richard Adamonis, Global
Communications, CSC, 862.228.3481, radamonis@csc.com
- Neil DeSilva, Investor
Relations, CSC, 703.641.3000, neildesilva@cs.com
MIAX Contact
- Dominique Prunetti-Miller,
Investor Relations, MIAX Technologies, 609.897.1465,
dprunetti@miami-holdings.com
Disclaimer and Cautionary Note Regarding Forward-Looking
Statements
The press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities of MIH, and
shall not constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer; solicitation or sale would be
unlawful. This press release may contain forward-looking
statements, including forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning the plans, objectives, expectations and
intentions and other statements that are not historical or current
facts of MIH, together with its subsidiaries, including MIAX
Options or MIAX Technologies (together, the Company).
Forward-looking statements include, but are not limited to,
statements about the possible or assumed future results of
operations of the Company; the competitive position of the Company;
potential growth opportunities available to the Company; the
expectation with respect to securities, options and future markets
and general economic conditions; the effects of competition on the
Company's business; and the impact of future legislation and
regulatory changes on the Company's business. Forward-looking
statements are based on the Company's current expectations and
involve risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in such
forward-looking statements.
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SOURCE Miami International Technologies, LLC