Itiviti introduces integrated platform for automated enterprise-level testing of trading systems
Itiviti and ULLINK, who formed a partnership in early 2018 to become a global provider of multi-asset trading technology and financial infrastructure, have announced the release of VeriFIX Enterprise by Itiviti, an integrated platform for automated enterprise-level testing of trading systems.
The testing and certification of trading environments presents an increasingly pressing requirement for financial services firms. Testing traditionally involves manual, time-consuming tasks, and many firms struggle with how to fully, effectively and repeatedly test complex systems.
"We see a growing awareness among clients that improved, comprehensive testing can provide an effective means for reducing cost and to match the rapid rate of change in trading infrastructure components, which necessitates more frequent validation," said Vaibhav Shukla, Senior Vice President, Global Services, Itiviti. "VeriFIX Enterprise by Itiviti applies best practices for automated testing, enabling the sophisticated test suites that large buy-side and sell-side organisations need. It addresses all functional requirements, while scaling at the enterprise level."
VeriFIX Enterprise allows users to test simultaneously on multiple agents. It effectively supports multi-protocol testing through unit and isolation testing, which breaks down testing into smaller units, both for single modules and when performing end-to-end testing, the company said in a statement. By means of service virtualization, functional as well as behavioural changes may be tested and emulated.