PhiFIX Test Suite

Automated FIX Test Suite to Validate Your FIX Infrastructure

PhiFIX Test Suite allows you to validate trading gateways, order and trade management systems, drop copy, and market data significantly faster.

PhiFIX was built to simulate end-to-end real-world trading scenarios allowing for reliable, repeatable FIX-based testing for high-performance environments.

What PhiFIX Delivers

PhiFIX is a full, automated FIX protocol testing suite which provides:

  • Multi-session trading gateway simulation
  • FIX protocol validation (4.0-5.x and any custom dialects)
  • Regression and performance testing automation
  • Scripted or data-driven test case execution

How It Works

PhiFIX automates complete testing cycles, from order flows to drop copy and trade lifecycle validation. PhiFIX’s groups test cases and business scenarios into reusable templates and administers them with a single click. This reduces, and potentially eliminates, the time spent inside of QA cycles and enables teams to quickly identify discrepancies in FIX implementations, or any regressions in performance.

What Makes It Different

  • Full FIX Support: Supports FIX Versions 4.0 to 5.0 SP2 including custom dialects, order flow, and market data.
  • Minimal Coding Tests: Create and execute tests with limited coding.
  • Automated end to end: Automate workflows across OMS, EMS, Drop Copy, Market Data and Compliance.
  • Scalable Testing: Component, System and Enterprise testing available

Key Capabilities:

  • Multi-connection testing (Initiator / Acceptor)
  • Can automate regression and performance testing
  • Can reuse business scenarios and test templates
  • Trade/order lifecycle verification
  • FIX message creation, parsing & validation
  • Complex messaging sequences and negative testing
  • Reporting and logs built in
  • Business level verifications
  • Importing and exporting test cases is simple

FAQs

What does the Test Suite actually do?

It saves you from endless manual testing. You get automated workflows to validate FIX connectivity, orders, and compliance.

How much time can it save me?

Most clients cut their testing time by more than half. What took weeks can now take days.

Does it mimic real exchanges?

Yes, it can simulate how venues respond, from simple order fills to complex stress scenarios.

Is it only for onboarding?

Not at all. You can use it for regression testing, upgrades, or ongoing validation.

Who finds it most useful?

Brokers, buy-side firms, and vendors who want fewer surprises when they go live.