Mon, 25 Feb 2013 05:17:06 GMT – Rapid Addition

Low Latency Summit (#LLSLON), London – 19 February 2013: Rapid Addition, the leading provider of trading technology to buy- and sell-side financial institutions, has leveraged  IBM’s (NYSE: IBM) WebSphere MQ Low Latency (WMQ LLM) technology to produce an ultra-low latency, high performance product, for the complete trade life cycle.

For financial firms, providing first-class performance and exceptional reliability has always been a key aspiration, particularly as competition in the market intensifies. The combination of Rapid Addition and IBM’s technology will offer clients improved performance benefits.

The integration of Cheetah, Rapid Addition’s FIX engine, to WMQ LLM, will enable clients to access both optimum speeds all the way through the FIX messaging path and an accelerated return on investment. This tried and certified amalgamation of technologies has demonstrated its superior speed and resilience.

Using Rapid Addition’s Binary FIX message format as the IBM WMQ LLM message payload allowed specific optimisation of The Cheetah FIX engine interface for transmitting and receiving messages over the IBM LLM message bus, it also minimizes latency. FIXML and ASCII FIX present other easy to implement message bus alternatives that still offer exceptional performance.

Gerry Reilly, Director, WebSphere Messaging Development and Customer Support at IBM said: “The combination of our Low Latency Messaging technology with Rapid Addition’s Cheetah FIX engine provides our customers with a best of breed FIX solution for their trading systems. As a result, the enhanced performance will extend and optimise their trading capabilities, and therefore enhance their client’s experience.”

Kevin Houstoun, Chairman, Rapid Addition added: “We are always looking to build on our portfolio of technology partners and IBM is one of the biggest names to add to that. Our work with the firm will continue on into future projects, working together to continually improve overall performance of the joint offering and on other innovative services in the pipeline.”

Ends

Notes to Editors:

Exhibiting at Low Latency Summit, stand 102

About Rapid Addition

With clients worldwide, including banks, brokers, corporates, exchanges, hedge funds and investment managers, Rapid Addition is the leading provider of FIX and FAST related software solutions to the global financial community. Company founder and Chairman Kevin Houstoun is the designer of the FIX Repository for FIX Protocol Limited (FPL). Mr Houstoun co-chairs the FPL Global Technical Committee and is an active member of the FPL Global Steering committee. He is also a member of the lead expert group for the UK Government’s Foresight Committee on the future of computer-based trading.

Rapid Addition is a technology partner of Microsoft and founding member of Intel Low Latency Labs. Rapid Addition is the only FIX vendor to continuously test their products in the labs. RA-Cheetah, the flagship FIX engine, gives a consistent low-latency performance and is the only FIX engine to provide this level of consistent measurement. RA-Cheetah™ and GRHub™ run on our advanced low latency GenerationZero™ technology that ensures no garbage collection in both JAVA and.NET. 

For further information, please visit www.rapidaddition.com

About IBM

IBM is a globally integrated enterprise operating in over 170 countries. Today IBM UK has around 20,000 employees, bringing innovative solutions to a diverse client base to help solve some of their toughest business challenges. In addition to being the world’s largest IT and consulting services company, IBM is a global business and technology leader, innovating in research and development to shape the future of society at large. IBM’s prized research, development and technical talent around the world partner with governments, corporations, thinkers and doers on ground breaking real world problems to help make the world work better and build a smarter planet.

IBM Financial Markets offers a range of solutions and consulting services, ranging from front, middle and back office services, to integrated risk management, market and depositories and financial markets software solutions. 

For further information, please visit www.ibm.com/financialmarkets