FIX engines alone do not deliver a complete solution. The
biggest issue with deploying FIX is completing the integration with
your internal systems and testing against counterparties.
Recognizing this, EPAM B2BITS has developed a range of
testing and monitoring tools to reduce time to operation and cost
of deployment, as well as help ensure that your FIX implementation
is a high-quality service.
The FIX Automated Certification and Testing
Service enables trading parties who use the FIX protocol to
substantially reduce the time and cost of compatibility testing.
FACTS 2.0 allows sell-side and buy-side firms to quickly and easily
detect and solve a full range of problems related to violations of
the FIX protocol specification and of application level
conventions.
FACTS 2.0 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 2.0 also features an administrative suite with
comprehensive reports on test results and progress. The logs for
any attempt conducted on all tests may be viewed in real time. This
provides a complete audit trail of testing activity and
results.
Why FACTS 2.0?
Reduced time and cost of compatibility testing
No programming skills required
Supports all standard versions and customization of FIX
Predefined set of tests for all asset classes and trading
phases
Proxy mode certification and testing
Features
Supports FIX 4.0 - 4.4, 5.0, 5.0 SP1
Supports FIXML 4.1 - 4.4, 5.0, 5.0 SP1
Supports all asset classes
Rich database of message templates and samples
Hosted Environment and Standalone Deployment options
available
Able to simulate all workflow scenarios, create custom
scenarios
Rebranding options (look and feel customization)
No programming skills required to design test scripts
Easy-to-use tests design interface
Administrative interface
Supports multiple test sessions simultaneously
Able to work in a proxy mode
Regression testing options
Ability to review history of test runs and compare results
FACTS 2.0 is also provided as a managed service where EPAM
Systems 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.