Systems and methods for testing a financial trading system

US8874479B2 · kind B2 · utility

Assignee

• Miami International Securities Exchange, LLC · US

Inventors

• Kevin Mueller · Munich, DE
• Paul Fost · Pound Ridge, US
• Marc Hampshire · Williamstown, US
• David Seidman · Masontown, US
• David Lehmann · Lumberton, US
• Amy Neiley · Philadelphia, US
• Vinay Rao · Wayne, US
• Greg Miller · Oak Creek, US
• Ganesh Chittimalla · Plainsboro, US
• Matthew Rotella · Northampton, US
• Douglas Schafer · Rose Valley, US
• Srinivas Nimma · Englishtown, US
• Robert M. Straub · Poughkeepsie, US
• Muna Tang

Key dates

• Filing date: Dec 6, 2013
• Grant date: Oct 28, 2014
• Expiry date: Dec 6, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/0639
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method is provided for testing a trading system having a verification subsystem and trading environments. Each of the environments has a network interface, memory, and a matching engine executed by a processor. The method includes retrieving, by the verification subsystem, at least one defined use case. Each defined use case includes command lines. The method also includes parsing the command lines based on defined parsing rules to produce parsed command lines. Each parsed command line includes a verb specifying financial transactions. Each parsed command line also includes data fields. The method further includes mapping the verb and fields of each command line based on defined mapping relationships to generate a test case. The method also includes executing the test case to generate messages to be executed by the trading system. The method also includes reading parameters of the trading system for comparison to specified validation values.