The trading industry in Australia is becoming more reliant on software for productivity and efficiency. With the assistance of technology, financial transactions can be smoother and more effective. Plus, since the software eliminates the need for manual labor, you can avoid mistakes and reduce time spent on repetitive tasks.
However, it’s pretty tricky to ensure the performance of trading software. That’s why Australian businesses outsource software QA testing to specialized firms in the country. Today, Saigon Technology Australia will explore why outsourcing QA testing is a good idea for trading software and give you some tips on how to find the best partner. Let’s read on!
Introduction
The market value of the global software testing market is supposed to reach $109.5 billion by 2027. QA testing plays a crucial role in developing any type of software, including trading. Hence, Australian enterprises don’t mind investing in this important phase to ensure the best performance of their trading software.
What is Software QA Testing?
Software QA (Quality Assurance) testing is the process of verifying the quality of a software product before introducing it to the public. It involves these steps:
- Identifying bugs and errors in the product
- Testing UI/UX
- Expecting and addressing software flaws
- Checking if the product meets specified requirements
- Examining logical flow
Software QA testing aims to ensure the ultimate performance of the software. The test takes place in the final step of the software development process. However, to reduce time spent on testing and fixing software, many QA testers work with developers from the beginning to pinpoint potential issues and troubleshoot them as soon as possible.
The Trading Industry’s Reliance On Software For Efficiency And Productivity
The global online trading industry is growing steadily, with an impressive growth rate of 6.4%. Its market value is expected to reach $13.3 billion in 2026.
Trading businesses are now looking for the best way to boost their online presence. They switch their focus to trading software to achieve their goals. But how does this method help?
Trading software assists businesses in simplifying the process of data analysis, risk management, and trading. The traders get a wealth of benefits from this type of software. For example:
- Efficiency: You don’t have to place orders manually because the trading software can automate this task. Thus, you will execute transactions quickly in milliseconds and reduce time lag. QA software testing in Australia is an ideal way to ensure this high level of efficiency.
- Productivity: Due to the automation feature of trading software, you won’t have to struggle with manual mistakes and emotional bias. The lack of human intervention also leads to steady and quick processes. You can ultimately improve productivity.
- Data analysis: You can access real-time data and cutting-edge analysis tools. They help you find patterns and opportunities to implement trading strategies successfully.
How To Select The Right QA Testing Partner for Trading Software?
Trading software is important for the productivity and efficiency of a trading business. Thus, they want to develop the best trading software and platform to execute online transactions.
QA testing must be among the top concerns when developing trading software. Many businesses now outsource to a third-party QA tester as they believe their partner has proficient knowledge and experience to deal well with complicated tests.
According to the World Quality Report, businesses allocate about 27% of their IT budget to QA activities. Outsourcing is a fantastic way to help them save costs because you can take advantage of your partner’s skills in QA. It turns out lucrative when you lack the tools and experience to handle QA testing.
The key is to choose the right QA testing partner. Here is something to bear in mind when considering multiple options:
Portfolio
First, scroll through the official website of your potential partners to check their experience, expertise, and previous projects. The portfolio provides valuable insights that help you check if the testing strategies can meet market standards.
Check the engineers’ certifications and degrees, too. You need experienced and talented QA testers to outsource your QA testing successfully.
Next, consider the technologies and tools the companies used in their projects. Are they the latest ones in the industry? Do they have good responses? If yes, then you will value the outcomes they bring about.
For example, 50% of trading systems are now powered by AI/ML. If a QA testing provider can work well with this technology, you will gain a huge advantage in the trading market.
Infrastructure
Infrastructure here means network condition, data security, and devices’ status. These factors affect how effectively your project is run and whether your partner can cover the risks well.
Please pay more attention to security in this step, as QA testing involves confidential data. So, ensure your chosen QA software testing company in Australia can maintain and secure your trading software properly.
Adaptability
As your project expands, you have more requirements for the QA tests. In this case, your partner should scale up accordingly. With this idea in mind, remember to look for a QA testing company with a proven track record in adaptability.
Comprehensive Services
It would be best to choose a company with a wide range of services related to QA testing. Then, they can offer you functional, performance, security, and accessibility testing services as part of the contract.
Moreover, some companies provide consulting services that help you optimize your testing processes and choose the best practices for your trading software development. They can even train your team, keeping them updated with the latest methodologies in the field.
Communication
Smooth collaboration is key to every outsourcing project. Hence, ensure your QA partner is flexible and responsive. They should also be open to you about the project’s progress. This way, you two can build trust and establish a stable long-term partnership.
The Benefits Of Outsourcing QA Testing For Trading Software To Specialized Firms In Australia
Why should you outsource QA testing for your trading software to Australian firms? Well, there are many advantages to expect, such as:
Vast Pool Of Talent
Australia is one of the biggest tech hubs in the world. By outsourcing QA testing to this country, you can access top talented engineers in the field, ensuring a reliable QA software testing process.
Technology
The Australian government cares a lot about technology. Australian technological companies can then leverage their resources to optimize their international customers’ experience.
Communication
Do not let the language and cultural barriers hinder your project! If communication is your top priority, Australian vendors won’t disappoint you. You can easily interact with their proficient English engineers during the QA testing process. Remember to check their communication channels, too, to confirm they can respond swiftly in case of an emergency.
Final Thoughts
The trading industry relies on software for enhanced efficiency and productivity. To ensure the seamless operation of your trading software, you can outsource QA testing to specialized firms in Australia.
Among the potential partners, Saigon Technology stands out as a top-notch choice. We offer expertise and reliability in QA software testing services. Choose us, and you can ensure a robust trading software solution. If you need any further information, contact us now to get help!
