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Capgemini Announces Comprehensive FIX Protocol Testing Accelerator for
Financial Services Industry
New York, NY, (May 7, 2009) – Capgemini, one of the world’s foremost providers
of consulting, technology and outsourcing services, today announced that its
subsidiary, Capgemini Financial Services USA Inc., released its FIX Protocol
Testing Accelerator for the global financial services sector. Developed in
alignment with Hewlett Packard, Blueprint Systems and Aegisoft, it is the first
testing solution to bring together internationally recognized,
quality-assurance technologies with 360-degree testing of FIX protocol
electronic communications standards for equities, FX, fixed income, futures and
options asset classes. The objective of the FIX Protocol Testing Accelerator is
to allow financial services customers to reduce the time to market of their
electronic trading applications, while decreasing quality assurance costs and
reducing the risk of failure in electronic trading platforms.
The Financial Information eXchange ("FIX") Protocol is an industry-driven
messaging standard used by roughly 80 percent of the trading entities in the
global financial services sector to optimize market data and help accelerate
electronic transactions. As trading volumes and market data messaging rates
continue to rise, Capgemini’s FIX Protocol Testing Accelerator provides firms
with a robust testing solution which can enable faster time to market, better
software quality and increased risk mitigation – ultimately helping to elevate
competitive advantage.
“The era of resource incentive, test factory approach to testing services is
over,” said Murat Aksu, Practice Head of Testing for Capital Markets at
Capgemini’s Financial Services Global Business Unit. “During these tough
economic times, we are focusing on providing our customers domain-specific
solutions that provide a timely return on investment and are ready to be used
from day one.”
Capgemini’s FIX Protocol Testing Accelerator provides enhanced test coverage
requirements, complete with artifacts including test strategy, test plan,
business flow models of FIX messages, requirements, use cases and automated
scripts for functional and performance testing. Capgemini’s Capital Markets
testing teams digitized their FIX Protocol testing IP for the most popular
asset classes, in order to improve time to market for electronic trading
applications while helping to reduce costs and risk of failure in production
environments.
While developing the FIX Protocol Testing Accelerator, Capgemini leveraged
leading technologies to improve the automation of testing. Blueprint Systems
Requirements Center was used to model the business processes and automatically
create testing requirements and use cases. To simulate the Electronic Trading
Platforms, Aegisoft’s Exchange and Client Simulator solutions were used. HP
Quality Center software, including HP QuickTest Professional software and HP
Business Process Testing software were leveraged for automation of test
scenarios while the end solution was designed so that customers can access any
of the testing assets created within HP Quality Center. Using the FIX Protocol
Testing Accelerator, financial services customers will have scalable and robust
FIX engines to support their global trading needs.
“Customers can reduce business risk by improving the quality of electronic
trading applications. They can achieve this through the clear definition and
validation of business requirements as part of the application life cycle,"
said Mark Sarbiewski, senior director, Products, Software and Solutions, HP.
"The combination of HP Quality Center with services from Capgemini provides
financial services customers with applications that address the needs of their
business."
“Capgemini is delivering an innovative, forward-looking solution that is unique
in the industry,” said Matthew Morgan, Chief Marketing Officer at Blueprint.
“Blueprint is pleased to work with Capgemini on this pre-built requirements and
testing solution for the Financial Information eXchange Protocol. Blueprint’s
business analyst platform is built to ensure success by adding rich
requirements definition, visual simulation, and automatic test generation
solutions. Together with Capgemini, we offer the industry’s leading solution
for FIX that reduces customer overhead and provides expansive
return-on-investment.”
“We are excited to join forces with Capgemini,” said Stan Adelman, President of
Aegisoft. “As the FIX Protocol continues to grow in its importance and spreads
across the global marketplace, the day-to-day significance of a robust and
reliable FIX-based trading platform is extremely strategic. Alignment between
business and IT teams is at a critical junction, and Capgemini has a long
history of helping customers address this challenge, and improve their
application quality while reducing development costs. This solution offers a
package of the industry’s leading FIX validation tools together with
internationally recognized professional services to give customers a
comprehensive FIX engine validation solution.”
About Capgemini
Capgemini, one of the world’s foremost providers of consulting, technology and
outsourcing services, enables its clients to transform and perform through
technologies. Capgemini provides its clients with insights and capabilities
that boost their freedom to achieve superior results through a unique way of
working - the Collaborative Business Experience - and through a global delivery
model called Rightshore®, which aims to offer the right resources in the right
location at competitive cost. Present in more than 30 countries, Capgemini
reported 2008 global revenues of EUR 8.7 billion and employs over 90,000 people
worldwide. More information is available at www.capgemini.com.
Capgemini’s Financial Services Global Business Unit (FS GBU) brings deep
industry experience, enhanced service offerings and next generation global
delivery to serve the financial services industry. With a network of 10,000
professionals serving over 900 clients worldwide, the FS GBU collaborates with
leading companies in banking, insurance, and capital markets to create tangible
value. For more information please visit www.capgemini.com/financialservices.
About Aegisoft
Since 1994, Aegisoft has been providing innovative solutions for the financial
community. Aegisoft’s AthenaTrader is a multi-market, broker-neutral execution
management system (EMS) for trading equities, foreign exchange, futures and
options. It is a high-performance and configurable platform that has been
deployed at large banks, hedge funds and proprietary trading firms throughout
the world. In addition to trading solutions, Aegisoft’s testing products –
Exchange Simulator, Client Simulator and T3— are considered the industry
standard for automated, regression, interactive and performance testing of
trading systems. More information is available at www.aegisoft.com.
About Blueprint
Blueprint aligns business and IT teams by delivering the industry’s leading
requirements suite designed specifically for the business analyst. Blueprint
solutions empower analyst teams to eliminate requirements misunderstanding by
capturing, validating, and delivering precise business requirements to local or
distributed IT application project teams. For more information on Blueprint,
visit http://www.blueprintsys.com.
Rightshore® is a trademark belonging to Capgemini.
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