Sensiple Inc., a FinTech provider of best-in-class FIX Protocol-based solutions for buy-side, sell-side, intermediaries and venues, today announced that a leading electronic securities and foreign-currency trading market in South America has selected PhiFIX Test Suite as its FIX trading infrastructure validation platform.
They started to operate in 1989, has more than 18 years' experience in the field of electronic financial transactions for trading both government and private fixed-income securities, foreign currencies. At present, they are a self-regulated entity supervised by the National Securities Commission.
The client’s existing FIX testing tool contradicted support for multiple test scenarios and the user interface was highly complex. Due to this challenges, they were looking for a reliable FinTech player to depend on for their infrastructure validation, and Sensiple Inc. offered its solution to solve these challenges.
Speaking on this engagement, CTO of the leading electronic securities and foreign-currency trading market in South America stated, "PhiFIX Test Suite can configure the amount of tests that we consider necessary and fits perfectly to all types of tests with multiple test scenarios. With PhiFIX Test Suite we can continue to perform complete trading infrastructure validation. Multiple sessions can be created and it runs simultaneously. The interface is user friendly, which reduces the dependencies."
PhiFIX Test Suite solution designed to protect against large-scale systematic errors, and to deliver immediate benefits in the critical areas of compliance and growth. PhiFIX Continuous automation allows functionality to be deployed to production faster, with higher quality and at a lower total cost of ownership.
To conclude the statement, Vijay Gopal, Business Head, BFSI, Sensiple Inc. explained "PhiFIX Test Suite can fulfill all requirements in terms of usability and the framework will help in achieving the personalized requirements in quick time for better and faster FIX Session testing to enable high frequency trading. Our client recognizes our value-centric approach and tactical means we provide for their business challenges. We are very excited to work with their team as their collaboration can enhance their business growth and make us understand the industry pace."
This association is looking forward to enable operational efficiency with reduced cost of ownership and flexibility to customize the client’s adapted requirements with technical resources for advise & training.
Sensiple Inc. is a world class FinTech solution provider based out of New Jersey, offering state-of-the-art technology solutions and IT services across BFSI Industry. Sensiple’s expertise is built upon 2500+ man years of experience with center of excellence and dedicated R & D team. Sensiple was an early adopter of FIX protocol and it offers solutions to client’s business needs across the entire spectrum of banking, financial operations and trading workflow complementing with latest technology which aids market participants to maintain a competitive advantage in the current scenario.
For more info, visit www.sensiple.com
About the Client:
A leading electronic securities and foreign-currency trading market in South America, based on a modular electronic platform running on specific IT supports, where both government and private fixed-income securities, foreign currencies and swaps are transacted, as well as currency and interest rate futures.