Rapid Addition unveils FIX engine for low volume users

Source: Rapid Addition

Rapid Addition ("RA"), the leading FIX software solution provider to the global electronic financial markets, has today announced the launch of RA-Cub.

RA-Cub is an entry level Financial Information eXchange (FIX) engine aimed at the lower volume user on the sell-side and buy-side, and at independent software vendors. Operational flexibility allows RA-Cub to work with all versions of FIX from 4.0 onwards and to support local FIX dialects.

RA-Cub processes 1000 inbound and outbound messages per second and allows for a smooth upgrade path to RA-Cheetah when increased trading volume demands a higher performance engine or lower latency.

As with RA's other products, it enables users to reduce Total Cost of Ownership and is driven by the Financial Information eXchange Protocol (FPL) repository. RA-Cub is also platform independent, and importantly, is fully compatible with other RA products, including RA-Quantum, RA's market leading data stream management system.

Clive Browning, CIO of Rapid Addition, who led the development of RA-Cub, commented: "We are launching RA-Cub to meet increasing demand from the market for an entry level FIX engine based on architecture superior to competitors' products. Customers still have the opportunity to scale up seamlessly to our higher performance engine."

"At Rapid Addition we are proud of being responsive to our clients' business and technology needs, and of the investment we put into our R&D. This enables us to be at the forefront of FIX product development."

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