FIX Antenna Certification and Testing Service (FACTS)
The FIX Antenna™ Certification and Testing Service enables trading parties who use the FIX protocol to substantially reduce the time and cost of compatibility testing. FACTS allows sell-side and buy-side firms to quickly and easily detect and mend a full range of problems related to violations of the FIX protocol specification and of application level conventions.
FACTS is a script-based testing service that can be customized to mirror the FIX implementation of any sell side or exchange. It tests both session-level and application-level messages. It is interactive and offers an immediate diagnosis of any problems discovered.
FACTS also features an administrative suite with comprehensive reports on test results and progress. The logs for any attempt conducted at all tests may be viewed in real time. This provides a complete audit trail of testing activity and results.
Key Benefits
- Reduction in time to approval
- Reduction in cost of testing & certification program for both "owner" and "client"
- More rigorous testing
- Automated diagnostic help
- Scenario based structure means only problem areas need be repeated
- "End to End" testing includes OMS or other order entry method in certification process
- Hosted service means that it is outside your firewall — no sys-admin issues
FACTS is also provided as a managed service where B2Bits will manage the entire process of certifying your counterparties from providing specifications to the required implementation of the FIX protocol through diagnosis and debugging of client fix logs.