Rapid Addition, the leading provider of trading technology to buy- and sell-side financial institutions, announced that Tanius Technology, a Californian algorithmic trading firm, is leveraging its FIX engine and CME feed handler products to match their increased processing needs.
Buy-side client demand for cost effective, easy to implement, solutions that deliver order execution with predictable low latency characteristics have increased significantly in recent years. Rapid Addition provides the world's lowest latency and highest performing solution alongside first-rate API connections.
Kevin Houstoun, Chairman, Rapid Addition said: "It is significant that Tanius, a firm with exceptional internal business systems, has recognised the benefits that Rapid Addition's products can deliver in terms of reduced slippage against execution strategies. This illustrates that properly designed software, based on Microsoft's .Net framework, can reduce latency and eliminate the jitter that can be so expensive in today's trading environment. We look forward to working with them throughout the implementation process."
The firm's solutions enable clients to benefit from increased throughput, lower deterministic latency as well as operational flexibility, thereby providing reduced total cost of ownership and an accelerated return on investment (ROI). Its integrated and fully scalable C# and .NET software solution will keep Tanius ahead of the curve in an ever more competitive market.
Karl Schulze, Member at Tanius Technology added: "After a thorough evaluation process and having worked with many software suppliers in the past, Rapid Addition's products and people are providing us with a trading architecture that perfectly complements our algorithmic trading strategies for reliability and performance, as well as that all important quick ROI. We are now able to meet our key objectives and we too look forward to working together as and when our requirements change."