News for FIX and FAST Online Trading | Rapid Addition
- Monday, 11 April 2016
11th April 2016, London: Rapid Addition, a leading provider of trading technology, has completed the integration of DET Tech, whom they acquired in October last year. The firm has continued to build on momentum after the integration with additional hires and clients in the last six months. The superior flexibility of the DET Hub and the capabilities of Rapid Addition’s FIX engine and FPGA technology has created a new generation of etrading performance.
RA Hub and RA Monitor work with exchanges, banks, brokers, the fund management industry and high-frequency traders to provide complete control and flexibility to construct and visualise high-speed, low-touch electronic trading environment.
The London-based firm has combined the two technology teams, with Fahiem Rahim and the founders of DET Tech Petr Postulka and Jaromir Satanek heading up the expanded product development team in Prague. Rapid Addition have also brought in industry practitioners, with experience of working on electronic trading desks, to the sales team.
Maria Netley and Darren Batsford both join the sales team.
Having worked for RBS, Credit Suisse, UBS and the London Stock Exchange, Maria has extensive experience in both connectivity & algorithmic trading sales, and business management for equities & futures.
Darren joins after helping build the sales and operational side of Squawker, successfully launching an equity and convertible bond block trading platform for sell-side investment banks, regional brokers, market makers and proprietary desks.
The new team’s efforts have bolstered the firms overall product offering, which will be showcased at their stall during Trade Tech Paris this week. The new RA Hub builds on the established RA Cheetah FIX Engine to provide real time monitoring, visual configuration tools and a customisable user interface to create a scalable 21st Century electronic trading infrastructure.
The updated RA Monitor breaks new ground in providing support to clients, monitoring obligations of MiFID II, and can either stand alone or integrate into the RA Hub. Operations and trading teams can use the platform to deliver, manage and monitor electronic trading more efficiently and quickly than ever before.
Kevin Houstoun, Chairman of Rapid Addition, said, "The new platform we have developed with the DET Tech team makes life much easier for operations and trading teams. We’re really excited about the momentum we are building with the integration of Petr and Jaromir’s knowledge and experience, and we are better positioned than ever before to meet the needs of the financial industry and continue our exceptional growth. Our expanded sales team are looking forward to engaging the industry and working with our many friends in the etrading community."
- Monday, 04 April 2016
Following the acquisition of DET Technologies, the Rapid Addition team will be showcasing their new RA Hub and RA Monitor set of etrading tools at Trade Tech Paris this year, at stand 39.
With their real-time monitoring, visual data analysis tools and customisable user interface, RA Hub and RA Monitor provide exchanges, banks, brokers, investment managers, asset managers, hedge funds and high-frequency traders with complete control and flexibility to construct and visualise their high-speed, low-touch electronic trading environment.
Join us at stand 39. We look forward to discussing how we can help you construct your high-speed, low-touch etrading environment to deliver improved performance.
About RA Hub
RA Hub is a high-volume, low-latency gateway providing a complete environment in which to plan electronic trading, managing FIX connectivity and order routing.
Providing greater control with expansive visibility, RA Hub makes it easier for either technical or business teams to execute algorithms more efficiently and view real-time trading volume distributed across clients and exchanges.
Underpinned by RA Cheetah FIX Engine, our new OS-agnostic, jitter-free platform enables the configuration of complex message processing rules and definition of test case scenarios for automated setup testing, as well as modifying message routing logic at runtime.
Alongside the integrated RA Monitor, the hub delivers an easily configurable, fast and flexible solution to end users.
About RA Monitor
RA Monitor is an extremely powerful tool that sits alongside the RA Cheetah FIX Engine and can monitor orders, quotes, executions, latency and sessions in real time. This consolidated view provides a first line of defence in regulatory requirements such as spotting potential market abuse and recording fairness in latency.
Equipped with a unique, visual method of organising routing logic and the ability to define custom alerts and notifications, RA Monitor provides more comprehensive and efficient controls for pre-trade transparency, giving dealing desks and tech teams an outstanding overview tool that they would have never been able to build themselves.
RA Monitor can sit either alongside the RA Hub to create a complete trading and monitoring package or it can be used as a standalone product to provide a powerful complementary monitoring tool to sit alongside existing FIX infrastructure.
- Thursday, 08 October 2015
FIX offering Former BNP Paribas pair Petr Postulka and Jaromir Satanek, founders of DET Technologies, will also join Rapid Addition as part of the acquisition to lead its software development function.
- Monday, 09 March 2015