PhiFIX, FIX Simulator Suite, is the server-side application that simulates exchange behavior. The simulator system validates and accepts the FIX connection when the client system meets the connectivity requirement. It also confirms request messages based on the server’s API business rules and firm-specific ROEs.
How it Functions
PhiFIX simulator allows users to choose book preferences that enable business messages to execute with matching logic or external price feed mode. With execution mode, the user can generate an execution report based on pre-assigned configuration logic. PhiFIX Simulator Suite maintains master data and reference data for all instruments, products, desks, institutions, and users. The simulator supports dialects configuration at the field level, group, and component level.
PSS supports multi-protocol such as FAST, ITCH/OUCH and EMAPI along with FIX protocol. It is multi-platform supportive and modularized at any level.
What sets us apart
There are two different levels of matching logic: Matching engine and External price feed simulator. The user chooses their matching types based on their custom testing methodology.
Server imports FIX logs from the client environment and assists in terms of analyzing logs at the message level. Multiple listener sessions: with one application, users emulate various servers and accept FIX connection from client systems.
Rules-based execution logic: Defines exchange behavior by splitting execution reports based on specified rules/configurations applied and supporting dialect configurations (Field, component, and group level).