ultimate cheat sheet for fix protocol testing

The ultimate cheat Sheet for FIX Protocol Testing

Automating the expensive and error-prone process of manually testing trading systems will reduce the dependencies on counterparty test environments, and It enables trading firms to quickly simulate trade scenarios, which impacts the firms to realize the trading system’s reliability and efficiencies before going live with complex environments. What’s required is the ability to maintain and test on an organization’s scale; to create an error-free infrastructure while reducing the cost and improving the operational efficiency.

This ultimate cheat guide can help you understand learn more about how to overcome the trading Infrastructure challenges and to benefit from its business advantages.

CategoryThe ultimate cheat sheetChallenges in Market
Platform IndependentShould have been developed using Java to run on all platformsSome of the products are built on specific platform which will only works on few operating systems such as Windows, Linux etc.
CompatibilityNeed to be platform independent and support all operating systemWeb based application might experience platform or browser compatibility issues
PerformanceTest huge volume of data across multiple connectivityWeb based application may lower system performance as they cost more bandwidth usage
SecurityData are highly secured as it is stored within the systems. SSL-based encryptionSecurity concerns, if data is stored and hosted outside premises and vulnerable to attack for web based applications
Internet ReliabilityShould work on both offline and onlineWeb based application relies internet connections
Product ModularizationValidation, Monitoring & Onboarding can be added within the testing suiteSeparate software to be purchased for each modules
Existing test caseShould have a feature to import existing test caseNo such provision provided to import existing data
ConfigurationShould be easy to configure, customize with rich user interface templatesCustomization is time consuming
Multi-Protocol SupportiveSupports multiple protocol such as FIX, FAST, ITCH & OUCH, EMAPI etc. and any new protocol can also be added in futureMost of the suites supports only FIX with limited version (upto 5.0)
Bundled PackagePTS comes as a bundle package where the price includes Implementation, Configuration and SupportSeparate price to be paid for Implementation. Configuration and Support
FIX ConnectivityEstablishes a network connection and manages FIX session layer
Throughout DeploymentComprehensive end to end testingModule testing with third-party support
Validating FIX ConnectionsExtensive Business level validationsNot much pre-defined test cases available to perform business level validations
Value-added featuresImport/Export functionalityRestricted feature access
Process AutomationTest script automation
Customization as per userUser based customization & Customizable Reports as per client requirements

Today’s critical regulation-based trading scenarios, the best implementation of FIX protocol testing is required to reduce the dependencies on counterparty test environments to create an optimum risk averting environment at the lowest operational cost.

This checklist will give you a comprehensive understanding on the capabilities & must have for the complete FIX protocol testing scenarios and infrastructure validations. To reduce the cost associated with the development and deployment of electronic trading systems and gateways, reach us

See Also:

Google Contact Center AI

Automation Testing Tools

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