Aegisoft, a leading global provider of multi-market high performance trading platforms and FIX validation solutions, announced today that the Singapore Mercantile Exchange (SMX) has selected Aegisoft's Client Simulator to ensure the orderly execution of FIX conformance testing.
SMX is the first pan-Asian international commodity and derivatives exchange offering market participants an opportunity to trade Asian commodities on one platform in the Asian time zone.
SMX needed an established solution that offered fast conformance test execution and quicker time to market for its members and ISVs. FIX-based orders submitted to its trading engine have to pass conformance tests to ensure trading activities operate smoothly. A solution was therefore required that could simulate messages being placed by SMX members in a trading scenario in order to quickly identify any problems which its members may encounter. Aegisoft was selected because of its proven track record and extensive knowledge of FIX-based testing.
"Aegisoft continues to experience rapid expansion across geographies and markets due to its breadth and depth of offerings," said Norm Friedman, vice president of Aegisoft. "Our commitment to provide the industry's most comprehensive FIX-based testing solution resonates with multi-market exchanges around the world. As trading volumes and market data messaging rates continue to rise, the importance of an end-to-end solution such as our FIXTest Marketplace can be applied to the real world challenges of faster time to market, better software quality and risk mitigation. The Singapore Mercantile Exchange's selection of Client Simulator is affirmation that leading marketplaces and brokerage firms trust Aegisoft to provide proven FIX-based testing solutions."
Client Simulator acts as a fully featured simulation of buy-side clients for the purpose of testing inbound FIX order flow. It supports multiple asset classes, including: Equities, Futures, Options and FX. Client Simulator reduces development and QA cycles so that customers can release their trading system faster and deliver the highest quality software.