Imported from previous forum
New York, NY – January 05, 2004 – Objective Concepts, L.L.C., a New Jersey based Software Company and Developer of TradeTest™, announced that Knight Trading Group, Inc. (NASDAQ:NITE) has chosen the TradeTest™ Software System and Components as the solution for their Trading System testing and verification. Knight provides comprehensive trade execution services in cash equities and equity options to institutions and broker-dealers, as well as asset management services for institutions and high net worth individuals.
TradeTest™ is a complete integrated testing environment designed specifically for the Financial Services Industry, especially trading systems, offering facilities for both automated functional testing and high-capacity load and stress testing. TradeTest™ is the only Automated toolset available today which provides all the simulated market data feeds and system interconnections normally encountered by an Exchange Trading or Member Firm System operating in North America. It is also the only automated software quality assurance tool available today that operates at the software interface level, validating the message exchange between single and groups of processes within the system.
TradeTest™ supports the standard industry FIX versions and CMS protocols for order entry. Additionally, unlike any other trading system test environment, TradeTest™ provides intelligent interface simulators for SIAC (CTS, CQS, ITS and CMS), NASDAQ (NQDS-NTDS, UQDF-UTDF, OMDF, ADAP, NASDAQ-Prime, UTP Participant Lines, CTCI), Island® and Instinet ECN’s, and many consolidated market data providers. These services are highly integrated wherever possible to provide a very coordinated and realistic simulation for ad hoc and regression testing. This acclaimed product is credited with enabling major Exchange customers to achieve an 85% staff reduction and a greatly reduced time-to-market while maintaining high system quality and meeting ARP II Certification Standards. TradeTest™ is capable of generating orders or market data, at any rate, for entry into any order management or trading system having an IP interface. This gives developers and testers alike the ability to control the exact system state, the volume and type of orders, and the trading that ‘should’ occur. Using our Intelligent Interface Simulators as primary and away exchange feeds, TradeTest™ can simulate the most complex multi-participant timing-dependent trading scenarios to permit full functional testing of your system under all market conditions using any order mix. All tests results are monitored and recorded to produce discrepancy reports of actual system output versus expected output. Our product is capable of testing virtually any software system because it communicates with the system at the software interface level. This testing solution greatly improves the ability to thoroughly test and isolate system defects.
The cost savings by using TradeTest™ are enormous in terms of drastically reduced required manpower and greatly reduced time frames. Precision, automation, innovation, experience and top-quality software development by Objective Concepts, LLC make this all possible.
About Objective Concepts, L.L.C.:
Having primary headquarters in Newark, NJ, Objective Concepts, L.L.C. has developed this ASQ Six-Sigma Compliant toolset with its principals and members who possess over 75 cumulative years of hands-on experience designing, developing and implementing trading systems, matching engines and testing solutions for some of the world’s largest financial institutions.
As a provider of Custom Turnkey Software, Objective Concepts, LLC has developed TradeTest™ as a scalable, high-volume, transaction quality software toolset endorsed by and meeting the demands of today’s Wall Street community. TradeTest™ provides real-time precision 24 x 7 x 365 automated testing capability for multiple users operating multiple target environments with a common Test Repository. Since our generic P.A.T.T.™ architecture is designed to permit rapid deployment of new products, we can implement interface simulators for any protocol to address your testing needs. Objective Concepts, LLC has an extensive Software Library built on the latest object oriented principals and technologies. The company is a Full Service Computer Systems Provider, including Service, Support and Helpdesk facilities. Our success has come from the high quality of our products and services and our extensive experience in the securities industry. For more information on our products and our company, please visit www.objective-concepts.com or email Lois@ocllc.com
Lois J. Felber
Manager, Public Relations
908-206-9518
Objective Concepts, L.L.C.
lois@ocllc.com