Rapid Addition, the leading provider of trading technology solutions to buy- and sell-side financial institutions, today announced that its FIX Cloud Service will be offered through the London Stock Exchange's FIX Gateway allowing companies to access counterparties in different locations across the world.
Rapid Addition's FIX Cloud service brings the power of global FIX Protocol enabled networks to reach counterparties across the world. Its reliable, robust, and unique service can connect users to brokers simply and easily on multiple networks using secure web services. FIX CloudTM is a cost effective solution for firms seeking the benefits of FIX by connecting to market leading FIX networks without having the burden of a FIX engine and associated running costs. The London Stock Exchange's FIX Gateway is a global message routing service for the routing of the orders, IOIs and RFQs. By using 'heartbeat' messages end to end it combines the benefits of a hub with the advantages of a direct connection. Tom O' Brien, Product Manager, FIX Gateway, London Stock Exchange, said: "We are pleased to be working with Rapid Addition on the release of their cloud-based OMS and look forward to connecting their hosted offering to our FIX-based community. The FIX Gateway is a completely neutral service with a flexible open architecture, offering customers a range of OMS and connectivity options." Toby Corballis, CEO, Rapid Addition, commented: "Working with the London Stock Exchange's FIX Gateway shows our commitment to offering the benefits of FIX Protocol to the entire community. Our FIX CloudTM service offers low cost access and no lengthy system integration necessary for implementing a FIX engine".
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