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Gissing Software releases FIX to FAST protocol converter

21 June 2006  |  2481 views  |  0 Source: Gissing Software

Gissing Software, solution specialists in the routing and transformation of real-time market and trade data, today announces immediate availability of FASTtunnel - the first of a suite of products designed to support and provide an easy transition to the FAST (FIX Adapted for STreaming) Protocol.

Developed by the FIX Protocol Limited (FPL) Market Optimization Working Group, FAST is designed to enable the processing of much higher message volumes over existing bandwidth connections while also reducing message latency.

Gissing FASTtunnel is a high speed protocol converter from FIX to FAST and vice-versa. The application enables organizations already using the FIX protocol for data communication to enhance data throughput using the new FAST protocol capability. Trials with test data show that the throughput of data can be increased by up to ten times using FAST.

Gissing's unique family of FAST products enables organizations that are already using the FIX Protocol for data communication to quickly, transparently and cost-effectively use the new FAST Protocol, helping them achieve faster processing times and improved data throughput. As well as using the FAST Protocol for their FIX applications, Gissing's family of FAST products also allows organizations to use the protocol to handle and contribute data between other applications, subscribe to market rates feeds that use the protocol, and deliver data directly to their market data platforms.

Richard Gissing, CTO of Gissing Software said: "The FAST Protocol has been widely endorsed and with the recent publication of the FAST Protocol Reference Code is now beginning to be adopted across the industry. With FAST likely to be confirmed as one of the primary protocols used by organizations publishing pre- and post-trade data to comply with MiFID in Europe, we've taken the strategic decision to add FAST Protocol handling to our product set. Increasing volumes in electronic trading and market data messaging rates are driving the need for tools such as the FAST Protocol and we firmly believe it will benefit our customers in the long term."

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