Ascentric selects Rapid Addition FIX engine for EMX connectivity

Source: Rapid Addition

Rapid Addition, the leading provider of trading technology solutions to buy- and sell-side financial institutions, today announced that Ascentric, the award-winning wrap platform, has selected the firm's FIX engine to connect to EMX and Proquote due to the significant growth of their business and client base. Ascentric will also benefit from Rapid Addition's FIX Training programme.

Ascentric deployed RA-Cub, one of Rapid Addition's three FIX engine offerings, in May 2011. The service is available to all clients in either .NET/C# or Java versions (both being deployable to multiple environments).

RA-Cub will provide Ascentric with an affordable and reliable FIX engine while reducing Total Cost of Ownership and accelerating ROI. Rapid Addition's FIX Training programme will be tailored to suit Ascentric's requirements.

Thomas Coombs, Head of Architecture at Ascentric commented: "Rapid Addition's leading reputation in the marketplace for reliable software and responsiveness to clients' business and technology needs allowed us to instantly identify the best partner for our business. Our tie up with Rapid Addition will strengthen our technology infrastructure and help us grow our leading position working with advisers and private investors. We look forward to working with Rapid Addition and are excited by the immediate and long term benefits this will bring our clients."

Toby Corballis, CEO at Rapid Addition added: "Our continued investment in research and development enables us to be at the forefront of FIX product development and therefore provide our clients with the most advanced solutions in the industry. This project with Ascentric further underscores Rapid Addition's work across the financial services sector and our expertise in this area. We are delighted to be working with Ascentric and assisting them as their business develops."

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