Itiviti Ups the Ante on Trading Systems Testing with VeriFIX Enterprise

Blog entry

Recently merged Itiviti and ULLINK have introduced VeriFIX Enterprise by Itiviti, an integrated platform for automated enterprise-level testing of trading systems. The solution expands on VeriFIX by Itiviti, which helps firms automate manual processes used to test trading systems and offers seamless migration from VeriFIX.

Vaibhav Shukla, senior vice president, global services, at Itiviti, explains: “We see a growing awareness among clients that improved, comprehensive testing can provide an effective means of reducing cost and matching the rapid rate of change in trading infrastructure components, which necessitates more frequent validation. VeriFIX Enterprise applies best practices for automated testing, enabling sophisticated test suites that large buy-side and sell-side organisations need. It addresses all functional requirements, while scaling at the enterprise level.”

The solution is available immediately and offers scalability that allows multiple users to test simultaneously on multiple agents. Continuous integration and regression testing lead to faster and more reliable testing cycles and improved quality. It supports multi-protocol testing through unit and isolation testing, which breaks down testing into smaller units for improved accuracy, both for single modules and when performing end-to-end testing. By means of service virtualisation, functional as well as behavioural changes can be tested and emulated.

Using a web-based interface, VeriFIX Enterprise test cases can be executed and viewed through any standard web browser, without the need for client application deployment. Test cases are remotely executed on an execution agent, where results, version control, configuration and test repositories are maintained, facilitating easier maintenance, faster access and extended integration opportunities. The solution also includes real-time report tracking and traceability, enabling instant issue handling and investigation of scenarios, test plans and viewing of historical results.