Increasing pressure on bringing in cost-effectiveness across processes is prompting capital market players to leverage Financial Information Exchange (FIX) protocol messaging standard to support real-time electronic exchange of security transactions. This allows lowering of trading costs, wider scope of services and more liquidity – expanding investment opportunities. With the adoption of FIX, capital market players can reduce the latency of transactions through Smart Order Routing.
Global capital market players’ partner with ITC Infotech to implement and maintain FIX processors – our deep domain expertise and a cloud-based test environment with automated buy and sell side test simulators, delivers a holistic solution to address liquidity and flexibility requirements.
Business Challenges
FIX has become a prerequisite in Treasury & Capital Market businesses today. The TCM segment is constantly looking for ways to minimize cost, maximize efficiency and improve transparency within the system. Companies are also looking for fresh opportunities to invest, enable easy communication at the domestic and international levels and reduce switching costs.
Solution Overview
- Cloud-based test environment
- Selection options from various simulation and test packs
- Parallel test sessions
- Inclusion of customer test data
- One-time automation and application under test and maintenance support
Results
- Ability to explore fresh investment opportunities
- Reduced market-entry cost
- Reduced switching costs
- Fast and easy communication, both at domestic and international levels
- Ongoing cost optimization
