Rapid Addition Selected by London Stock Exchange

Rapid Addition has been selected by the London Stock Exchange (LSE) to provide the FIX engine functionality of its trading system. Having evaluated the FIX Engine vendor space, the LSE chose to work with Rapid Addition, a technology provider, to

By None

Rapid Addition has been selected by the London Stock Exchange (LSE) to provide the FIX* engine functionality of its trading system.

Having evaluated the FIX Engine vendor space, the LSE chose to work with Rapid Addition, a technology provider, to FIX-enable TradElect.

Rapid Additions FIX engine, RA-Professional, will be used by the LSE in the development of the optional FIX 5.0 interface to TradElect, the LSEs trading system. RA-Professional is a fully featured engine that supports all versions of FIX – from 4.0 to 5.0.

In laboratory tests Rapid Additions FIX gateway was able to process transactions more than 35 times faster than other FIX engines on commoditised hardware. RA-Professional is written in C# for the Microsoft .Net environment and can run on Windows, Linux, UNIX or Mac OS X operating systems.

«