Rapid Addition launches electronic dealing community portal

Source: Rapid Addition

Rapid Addition, the leading software solution provider to the global electronic financial markets, has today announced the launch of the free-to-use global portal for the electronic dealing community: ElectronicDealing.com.

ElectronicDealing.com is a secure portal that ensures consistency of FIXatdl files, saving the industry money, and simplifies the publication, distribution, and downloading of tools and artifacts for the electronic dealing community.

FIXatdl (Financial Information eXhange Algorithmic Trading Definition Language) allows firms receiving orders to specify exactly how their electronic orders should be expressed. Orders built using FIXatdl can then be transmitted from traders' systems via FIX Protocol. Fix Protocol is a series of messaging specifications for the electronic communication of trade-related messages.

The initial launch is targeted at the publication and secure dissemination of FIXatdl Algo-trading parameter files. Since its inception, Rapid Addition has been a keen supporter the work of the FIXatdl Working Group.

Kevin Houstoun, Chairman of Rapid Addition and Co-Chair of the FIX Protocol Global Technology Committee, commented: "We are delighted to announce the launch of this free-to-use global portal for the electronic dealing community. We will continue to support this type of initiative by continuing to make our acclaimed FIXatdl Editor available free of charge to the community, via a download to registered users at the ElectronicDealing.com website. We intend to keep the site free and launch other, free, services on a continual basis in the coming months and years in support of the FIX community."

 

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