Rapid Addition, the leading provider of trading technology solutions to buy- and sell-side financial institutions, today announced that Johnson Investment Counsel, the US-based independent wealth management firm, has selected the firm's RA-Cub FIX engine to automate the flow of trades between an internal system and ITG's Triton EMS.
The RA-Cub FIX engine, a messaging engine for the FIX protocol, is an affordable and flexible service available to exchanges & MTFs, sell-side, buy-side, transaction hubs and independent software vendors, in either .Net/C# or Java versions.
Ross Lucas, Head of Sales at Rapid Addition, said: "Implemented at the end of June, Johnson Investment Counsel has immediately benefited from entry level pricing, reduced total cost of ownership and accelerated ROI. Our product has also enabled STP access to multiple brokers, which avoids errors or delays in executing and reporting trades."
Joe Schmaltz, Senior Software Developer at Johnson Investment Counsel, commented: "Choosing Rapid Addition was a strategic decision for us. Having researched a variety of products on the market it became clear that they were the dominant player for a whole host of reasons. Importantly, our traders no longer have to double-key every order; freeing-up their time and further reducing error. As our business grows, we would certainly consider developing this relationship further, in order to benefit from additional upgrades."
Toby Corballis, CEO at Rapid Addition, added: "This is a great opportunity for us to support Johnson Investment Counsel's growing business. The Americas continue to be an important area for Rapid Addition and we look forward to growing our presence and client base in the region."