Gissing Software, which provides routing and transformation of real-time market and trade data, has launched a group products designed to support and transition to the FAST (FIX Adapted for STreaming) Protocol.
Developed by the FIX Protocol Limited (FPL) Market Optimization Working Group, FAST is designed to enable the processing of much higher message volumes over existing bandwidth connections while reducing message latency.
“With FAST likely to be confirmed as one of the primary protocols used by organisations publishing pre and post-trade data to comply with MiFID in Europe, we’ve taken the strategic decision to add FAST Protocol handling to our product set,” said Richard Gissing, CTO of Gissing Software. “Increasing volumes in electronic trading and market data messaging rates are driving the need for tools such as the FAST Protocol and we firmly believe it will benefit our customers in the long term.”
Gissing’s products are meant to enable organizations that are already using the FIX Protocol for data communication to begin using the new FAST protocol.
As well as using the FAST Protocol for their FIX applications, the software provider’s products will also alloworganizations to use the protocol to handle and contribute data between other applications, subscribe to market rates feeds that use the protocol, and deliver data directly to their market data platforms.