How to Test FIX Without a Counterparty

Waiting on a broker or exchange environment can turn FIX development into a stop-and-go process. A simulator lets you validate sessions, message validation, and order workflows without depending on external connectivity or limited certification windows.

Why This Is Hard with a Live Counterparty

Limited access windows (or queues for certification slots)
Environment instability and changing rules
Hard to reproduce the same bug twice
Slow feedback loop for QA and regression

What You Can Test with a Simulator

Logon, heartbeats, sequence numbers, resend requests
Message validation and rejects
Order lifecycle flows (ack, fills, cancels, cancel rejects)
Failure scenarios (disconnects, gaps, partial fills)

This approach works best when you can simulate a FIX counterparty with deterministic rules for fills, rejects, and timeouts.

Best Practices

Start with a handful of “golden path” workflows
Add failure cases that match your production incidents
Replay scenarios to confirm fixes and prevent regressions
Validate business rules and state transitions, not just message syntax

When a bug appears, capture it as a scenario and replay FIX messages until the fix is stable.

How FIXSIM Helps

FIXSIM can behave like the other side of the session—accepting connections, validating messages, generating deterministic responses, and replaying scenarios so you can iterate quickly.

Run These Test Cases in a FIX Simulator

To run these scenarios in a controlled environment, use a FIX protocol simulator that can emulate counterparties, replay message flows, and validate session behavior before certification.