LSE to add FIX functionality to TradElect with Rapid Addition system

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Wednesday, 04 March 2009

The London Stock Exchange is to use the RA-Professional FIX engine from Rapid Addition to provide FIX functionality for its TradElect trading system through the development of an optional FIX 5.0 interface.

RA-Professional supports all versions of FIX, from 4.0 to 5.0, with low latency and high-throughput performance. In laboratory tests Rapid Addition's FIX gateway was able to process transactions more than 35 times faster than other FIX engines on commoditised hardware, the company claims. RA-Professional is written in C# for the Microsoft .Net environment and can run on Windows, Linux, Unix or Mac OS X operating systems

Banking Technology Magazine, March 4, 2009

LSE selects Rapid Addition provide a high-performance FIX engine

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Monday, 02 March 2009

LONDON-The London Stock Exchange (LSE) has selected FIX protocol software vendor Rapid Addition to provide a high-performance FIX engine to the exchange's TradElect trading platform, DWT has learned.

The LSE will be using Rapid Addition's engine in the development of an optional FIX 5.0 interface to TradElect, says an LSE spokesperson. "The partnership with Rapid Addition will enable us to leverage the experience and skills of a FIX specialist, while we focus on our core area of expertise-developing and delivering enhanced trading functionality," she says.

Rapid Addition Ramps Up Sales Drive

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Wednesday, 18 February 2009

Rapid Addition - the leading software solutions provider to the global electronic financial markets - has today announced the arrival of Alex Suesserott as its new Head of Sales, further underlining the company's steady growth. Mr Suesserott will be working closely with Stefan Basiuk, Marketing & Business Development Manager, on the implementation of Rapid Addition's marketing drive to its core markets of banks and broker-dealers, exchanges, and high volume hedge funds. In particular, he will be looking to develop opportunities based on market trends in algorithmic trading that take advantage of dark pools of liquidity as investment banks, investment managers, and broker-dealers look to reduce the costs of trading.