Spain-based Santiago Stock Exchange (SSE) has selected US-based Greenline Financial Technologies' VeriFIX and VeriFIX TestPilot FIX protocol testing suite.

According to Greenline Financial, VeriFIX can test multiple counterparties and simulate scenarios 24 hours a day. It offers advanced, customizable exchange and broker simulation capabilities, providing accurate and realistic testing environments.

VeriFIX TestPilot provides centralized control and management of the VeriFIX environment. Users can analyze their FIX gateways and FIX engines to ensure high throughput of FIX messages. Additionally, VeriFIX TestPilot can be used for high-speed multi-session testing and can be installed with minimal configuration.

With the VeriFIX testing suite, technologists at the SSE can realize efficiencies before going live with complex deployments.

Andres Falcone, CIO of Santiago Stock Exchange, said: “Greenline’s powerful, robust testing suite is the industry standard for both order and market data testing. We value Greenline’s market-leading technology and global expertise and look forward to providing testing capabilities for our exchange members.”

Josh Tolman, president of Greenline, said: “The SSE is implementing FIX 4.4 for both order routing and market data messaging. VeriFIX and VeriFIX TestPilot will help the SSE accurately and reliably test client connectivity to help the exchange scale for regional growth.”