Pre-Low Latency Summit (#LLSLON), London – 18 February 2013: Rapid Addition, the leading provider of trading technology to buy- and sell-side financial institutions, announced that Tanius Technology, a Californian algorithmic trading firm, is leveraging its FIX engine and CME feed handler products to match their increased processing needs.
Buy-side client demand for cost effective, easy to implement, solutions that deliver order execution with predictable low latency characteristics have increased significantly in recent years. Rapid Addition provides the world’s lowest latency and highest performing solution alongside first-rate API connections.Kevin Houstoun, Chairman, Rapid Addition said: “It is significant that Tanius, a firm with exceptional internal business systems, has recognised the benefits that Rapid Addition’s products can deliver in terms of reduced slippage against execution strategies. This illustrates that properly designed software, based on Microsoft’s .Net framework, can reduce latency and eliminate the jitter that can be so expensive in today’s trading environment. We look forward to working with them throughout the implementation process.”
The firm’s solutions enable clients to benefit from increased throughput, lower deterministic latency as well as operational flexibility, thereby providing reduced total cost of ownership and an accelerated return on investment (ROI). Its integrated and fully scalable C# and .NET software solution will keep Tanius ahead of the curve in an ever more competitive market.
Karl Schulze, Member at Tanius Technology added: “After a thorough evaluation process and having worked with many software suppliers in the past, Rapid Addition’s products and people are providing us with a trading architecture that perfectly complements our algorithmic trading strategies for reliability and performance, as well as that all important quick ROI. We are now able to meet our key objectives and we too look forward to working together as and when our requirements change.”
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About Rapid Addition
Exhibiting at Low Latency Summit, stand 102
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™ runs on our advanced low latency GenerationZero™ technology, which ensures no garbage collection in either JAVA or .NET.
For further information, please visit www.rapidaddition.com
About Tanius Technology
Tanius Technology, based in Alamo, California, is a 15-person algorithmic trading firm that trades its own money and derives revenue from the buying and selling of commodities, bonds, and other assets.
For further information, please visit www.taniustech.com