Whether you are deploying FIX or proprietary protocol components within trading systems, thorough testing is crucial to success. Not only do you need to test your systems for execution venue driven events but also for managing the client flow. Manual testing is a costly and error-prone process that can be significantly improved and accelerated through automated testing. Automated regression testing is the absolute minimum in these rapidly changing environments.
Many of our customers leverage VeriFIX by Itiviti to do so. In March 2017 we asked TechValidate, an independent third-party research firm, to survey those customers to learn more about their challenges and how they use VeriFIX to overcome them. As it turns out, the ability to automate test cases is the most appreciated feature. This is also an indication of the future of testing, where automation plays an increasingly important role.
We are of course very proud that nearly 80% would recommend VeriFIX by Itiviti, rating it 7 or higher on a scale of 1-10.
FIX Infrastructure End-to-end testing of trading infrastructure is critical in today’s increasingly heavily regulated environment – but compliance comes at a price. So why should financial firms pay it, and what happens if they don’t? In our second blog post on the topic, we explore the most pressing reasons to implement a robust testing mechanism. The most […] September 11, 2018
FIX Infrastructure Redburn is Europe’s largest independent equities broker, providing institutional investors with equity research and agency execution across European and US equity markets. As an evolving business it is essential that it is able to provide a high level of service to its clients – particularly when it comes to connectivity and onboarding. Covering such a […] August 29, 2018
FIX Infrastructure As trading processes become ever more sophisticated and regulators race to catch up, the end-to-end testing of trading infrastructure is an increasingly crucial component of compliance. Financial services firms face severe penalties for trading errors – including fines, loss of reputation, potential bankruptcy and even personal repercussions for senior executives. The cost of failure is […] August 21, 2018
FIX Infrastructure The financial industry is constantly evolving, driven by a mix of new business and regulatory requirements. The implementation of the Markets in Financial Instruments Directive (MiFID) II in Europe, for instance, is spurring a tectonic technology transition. With these rapid changes in the industry and the rising cost of errors in production systems, the quality […] July 5, 2018
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