Rapid Addition, the leading technology solutions provider to global financial electronic trading markets, and ThoughtWorks, a global IT consultancy and the original providers of QuickFIX, have entered into a partnership to launch RA for QuickFIX ("RA-4QF").
RA4QF enables existing users of QuickFIX to benefit from Rapid Addition's high-performance, ultra-low latency FIX engine - RA-CheetahTM - with minimal integration effort.
QuickFIX was originally developed by ThoughtWorks in 2002 as an open source FIX engine. Although extremely successful in its own right, advances in technology, coupled with new demands in today's rapidly-changing market, have led Rapid Addition and ThoughtWorks to conclude that the time is right for RA-4QF, a dynamic, natural successor to QuickFIX.
Rapid Addition and ThoughtWorks have both been involved in FIX almost since its inception and aligning their efforts is seen by both companies as a natural step in the evolution of their respective businesses.