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TraderServe selects Rapid Addition’s RA-Cheetah for lowest latency FIX engine

TraderServe, supplier of multi-asset class engines for algorithmic and high frequency trading, has announced that it has implemented a very low latency interface to Rapid Addition’s high-speed RA-Cheetah Financial Information eXchange (FIX) engine.

Nick Idelson, Technical Director of TraderServe said: “Our Algorithmic Trading Platform has high performance native FIX for vanilla order flow but, to meet the needs of those clients who require full coverage high performance FIX engines, we have integrated Rapid Addition’s RA-Cheetah engine directly with our trade controller. The performance and design of the engine, along with Rapid Addition’s superb pedigree in FIX, made it the ideal candidate to be the only external FIX engine which we have integrated directly into our environment.”Toby Corballis, CEO of Rapid Addition, added: “We were very pleased to be chosen for the development of TraderServe ATP, globally acknowledged as the best platform of its kind. We found it extremely encouraging to work with a partner with such a progressive attitude towards the development of their product in order to achieve the best results.”

First Published Tuesday, 13 April 2010 from Automated Trader : Data News