London, 28th April 2014: Rapid Addition, a leading provider of trading technology to buy- and sell-side financial institutions, has today announced a partnership with DET Technologies, specialist consultants and provider of bespoke software to support electronic trading platforms. Rapid Addition’s RA-Cheetah FIX engine will support DET Technologies’ flagship DET Hub, allowing clients to benefit from an effective and reliable solution in the face of an increasingly competitive marketplace.
The RA-Cheetah FIX engine will underpin the DET Hub trading platform, which provides a modular, high throughput, low-latency solution to clients who are seeking higher transaction rates and consistent response times. Its performance, flexibility and scalability allows DET Hub to be utilised across a wide range of projects and tasks within the electronic trading community. From brokerages to investment banks and transaction hubs, the product’s modular design provides a cost effective, cutting edge solution that is both easily integrated and customised.
Petr Postulka, Partner at DET Technologies, commented “Our clients value not only the sector expertise that we provide, but also the partnerships with world-class technology providers that we form in order to ensure that we continue to offer the most efficient, forward-looking products and services. DET Hub boasts a range of client benefits such as the ability to process millions of messages per second with stable latency of less than 2 microseconds for 99.9% of messages. We welcome partnerships with industry leading firms like Rapid Addition who can help us to continue to offer these robust services.”
Rapid Addition are at the forefront of providing clients with a range of solutions and products that are vital to maintaining the necessary competitive advantage. The leading FIX engine from Rapid Addition, RA-Cheetah, gives consistent low-latency performance and exceptional reliability through measurement testing. RA-Cheetah is built using Rapid Addition’s advanced low latency Generation Zero technology, which ensures no runtime garbage collection in either the JAVA or .NET implementations of the FIX engine.
Kevin Houstoun, Chairman at Rapid Addition, concluded: “Our RA-Cheetah FIX engine will support the high performance of DET Technologies’ customised client solutions. As industry needs continue to develop and adapt, our products consistently provide the control and performance that clients are seeking to remain ahead of their competitors. We look forward to exploring future partnerships of this nature and to working closely with DET Technologies in the evolution of this joint offering.”