TraderServe rolls out Rapid Addition FIX engine
TraderServe, supplier of the most flexible and performant multi-asset class engines commercially available for algorithmic and high frequency trading, today announced that it has implemented a very low latency interface to Rapid Addition's high-speed RA-Cheetah Financial Information eXchange (FIX) engine.
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TraderServe chose RA-Cheetah for TraderServe Algorithmic Trading Platform (ATP) to enable maximum performance and achieve its goal of fastest possible low latency trading. Along with the lowest possible latency in FIX, TraderServe ATP offers users a virtually unlimited number of order slices across multiple asset classes in multiple execution venues.
In May 2009 Rapid Addition announced the results of a sustained soak test of its flagship RA-Cheetah FIX engine over a continuous three-day period. Running on Rapid Addition's ground breaking Generation ZeroTM framework, RA-Cheetah processed more than 3 billion financial messages (inbound and outbound) with an average parse and transmission latency of less than 10 µs, with a standard deviation of 3.9 µs.
Nick Idelson, Technical Director of TraderServe said: "Our Algorithmic Trading Platform has high performance native FIX for vanilla order flow but, to meet the needs of those clients who require full coverage high performance FIX engines, we have integrated Rapid Addition's RA-Cheetah engine directly with our trade controller. The performance and design of the engine, along with Rapid Addition's superb pedigree in FIX, made it the ideal candidate to be the only external FIX engine which we have integrated directly into our environment."
Toby Corballis, CEO of Rapid Addition, added: "We were very pleased to be chosen for the development of TraderServe ATP, globally acknowledged as the best platform of its kind. We found it extremely encouraging to work with a partner with such a progressive attitude towards the development of their product in order to achieve the best results."