A new consortium, headed by OnX, hopes to improve FIX Protocol messaging architectures for low-latency trading systems.

Outsourcing of software development services is small wonder nowadays. This practice is widely employed in organizations of various business dimensions. On the contrary, software testing is a service that companies prefer to leave in-house and often do not trust to third parties the quality assurance of their information systems. What prevents organizations from outsourcing software testing more extensively? How to build effective relationships with a software vendor and assess its quality? Will the new model of long-term outsourcing – establishing of a Dedicated Testing Center – be able to shake traditional patterns? On these and other acute issues dwells Artak Oganesyan, Business Development Director at EPAM Systems, in an interview to CNews.

What is the most effective strategy for a company looking to outsource software development? Some believe that the path to success lies in outsourcing certain short term projects across multiple service providers on a fixed cost basis, and burdening them with all of the structural and technical risks. By contrast, Vladimir Stasevich, Head of Vendor Projects at Citi, thinks the focus should be put on developing long term outsourcing partnerships with shared risk management. This more strategic approach can empower a constructive dialog between customer and provider and create a win-win situation that delivers measurably better results.