Rapid Addition opens Manchester R&D facility; appoints Basiuk as marketing head

Source: Rapid Addition

Rapid Addition, the leading financial securities trading technology solutions provider, has today announced the launch of a new software development and R&D facility in Manchester.

The Manchester facility opens with an initial staff of six highly skilled software developers, with strong backgrounds in financial markets technology. At the same time, Rapid Addition has appointed Stefan Basiuk as Marketing & Business Development Manager in London.

Mr Basiuk joins from Capco, a technology consultancy to the financial services industry, where he held the position of Head of UK Marketing, and previously Global Head of Marketing & Business Development for City Practitioners. He has 20 years of experience in financial markets, including IT consultancy.

Along with senior sales and business development roles, Mr Basiuk has worked as a local trader on the Chicago Mercantile Exchange and as a broker/dealer for Smith New Court Securities in London. He brings to Rapid Addition an in-depth experience of branding and new business development within financial markets and growing niche businesses.

Rapid Addition offers platforms that support ultra low-latency financial messaging between counterparties using FIX messaging across the entire securities trade lifecycle. The company has experienced continued growth in its client base of banks, stock exchanges, fund managers, hedge funds and broker-dealers, despite the backdrop of adverse financial market conditions.

Rapid Addition's flagship low-latency FIX Protocol engine, Rapid Addition Professional, significantly outperforms all other FIX engines in the market.

Toby Corballis, CEO, Rapid Addition, said: "Appointing Stefan and opening our R&D centre in Manchester - a vibrant, dynamic technology hub with a highly skilled workforce on tap - will allow us to increase our product range, and stay ahead of competitors in the race to innovate. We are fortunate to be able to offer the best product of its kind to all users of securities trading technology."

Katie Gallagher, Business Development Manager for MIDAS (Manchester's Investment and Development Agenncy), added: "We warmly welcome Rapid Addition, a leader in its field, to Manchester and the North West. Manchester is the second largest city in the UK for IT catchment and a natural home for technology firms of the calibre of Rapid Addition."


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