End-to-end testing of trading environments is essential for financial services firms today – yet it can seem daunting to implement these complex systems, especially if it involves an overarching overhaul of existing point or legacy solutions. Taking a step-by-step approach can break this down into a more manageable process, while the resulting benefits have the potential to streamline operations, improve efficiency and add value.
Identifying a clear framework and creating an initial set of building blocks allow firms to add functionality and scale up over time, while still working towards a comprehensive end-to-end solution. This approach has the potential to provide material competitive advantage, for example by:
Having the right approach to trading system testing means having a solution in place that will provide the basis for implementing best practices, which include:
Although a robust testing mechanism takes work, firms without one face very real regulatory, operational and reputational risks if their trading system breaks down – while they may also find it harder to adapt to future regulatory demands and operational challenges. Rather than viewing it as an inconvenience, therefore, a better perspective is one of opportunity. In an increasingly competitive environment for financial services firms, the quality of operations is emerging as a differentiator – and a large component of that involves testing.
VeriFIX Enterprise by Itiviti helps to automate the costly and error-prone process of manually testing your trading system, and reduce dependencies on counterparty test environments. The industry standard for comprehensive FIX testing, it offers a sophisticated approach to validating the complete trading infrastructure, delivered to meet today’s complex enterprise view on testing.
Given the rapid pace of evolution in the financial services landscape, firms need to quickly adapt to a new paradigm when it comes to trading system testing, and take a more strategic approach. Testing needs to be part of strategy upfront – and solutions such as VeriFIX Enterprise can help prioritize and execute this pivotal requirement.
Execution Change is nothing new in trading. Since the millennium, sell-side brokers have had to ride waves of transformation in regulation, market structure, technology and economic fundamentals. Survival and success have depended on adaptability and timely adjustment to these increasingly complex market circumstances in terms of organization, business models and technology. The financial crisis of 2008 […] December 10, 2018
Trading The shifts over the past decade in the structure of the flow FX and equities markets have driven a convergence of the two markets. As a result of these shifts, participants across both asset classes often face similar market structures and matching methodologies, in both cases spread across a diverse set of trading venues. It’s […] November 27, 2018
FIX Infrastructure For the third year running, NYFIX was named “Best low latency network” in the Waters Buy-Side Technology Awards 2018. In this video, Itiviti’s Chief Product Officer, Richard Bentley, talks about the past and future of the NYFIX network for buy-side clients. November 20, 2018
FIX Infrastructure Since the introduction of FIX in the mid-1990s, it has revolutionized the world of trade execution – so much so that 99.5% of the trades performed globally today are being made via FIX. But when it comes to post-trade, the industry has yet to leverage the many benefits that FIX can bring, particularly in terms […] November 8, 2018
By submitting this form, you acknowledge that data collected by us will be handled in accordance with our Privacy Notice.