04 March 2009 Company Announcements

 

LSE to add FIX functionality to TradElect with Rapid Addition system

The London Stock Exchange is to use the RA-Professional FIX engine from Rapid Addition to provide FIX functionality for its TradElect trading system through the development of an optional FIX 5.0 interface.

RA-Professional supports all versions of FIX, from 4.0 to 5.0, with low latency and high-throughput performance. In laboratory tests Rapid Addition's FIX gateway was able to process transactions more than 35 times faster than other FIX engines on commoditised hardware, the company claims. RA-Professional is written in C# for the Microsoft .Net environment and can run on Windows, Linux, Unix or Mac OS X operating systems.