London, UK and Sunnyvale, California – 20 May 2013: Rapid Addition, a leading provider of trading technology to buy- and sell-side financial institutions, has joined forces with Azul Systems, the award-winning supplier of high-performance and elastic Java Virtual Machines (JVMs). Rapid Addition’s Cheetah FIX engine will support Azul’s flagship Java runtime, Zing™, to offer clients low latency, jitter-free Java trading engines.
A key catalyst for the partnership is the growing client demand for increased transaction rates, consistent response times and high sustained throughput. The joint solution will provide banks and brokers with an effective, reliable and high performance trading engine that provides a competitive edge in an increasingly high velocity market.
Azul’s Zing JVM is the new performance standard for today’s high-velocity, Java-based electronic markets that demand predictable and reliable real-time behaviour. Optimized for ultra-low latency DMA, algo-trading, and order matching, Zing takes Java performance to the next level by eliminating the pauses and latency spikes that can adversely impact trading operations. Zing also includes a zero-overhead management and monitoring tool, designed for production-time diagnostics and performance analytics.
The leading FIX engine from Rapid Addition, RA-Cheetah, gives consistent low-latency performance and exceptional reliability through measurement testing. RA-Cheetah is built using Rapid Addition’s advanced low latency Generation Zero technology, which ensures no runtime garbage collection in either the JAVA or .NET implementations of the FIX engine.
Given both companies’ products aim to eliminate the effects of garbage collection it is especially impressive that the combination of Zing and Cheetah yields yet higher performance. Comparisons with Cheetah running on Oracle’s JRockit compared to other JVMs show performance increase and a meaningful reduction in latency. Yet the results of testing Zing and Cheetah illustrates how the performance of the Azul Zing JVM can benefit even solutions that have already eliminated garbage collection and have already been tuned and optimized.
Kevin Houstoun, Chairman at Rapid Addition, said: “Azul Systems has demonstrated the strength of Zing though extensive testing and we believe this high-calibre product provides a perfectly complementary set of capabilities for organizations using RA-Cheetah. This venture will enable us to satisfy the requirements of current clients, in their desire to remain market-competitive, while illustrating to a wider audience the first-class results that are possible through the use of Rapid Addition’s solutions.”
Scott Sellers, Azul Systems’ CEO added: “Both latency and jitter are significant and expensive obstacles in today’s trading environments. The combination of Zing and RA-Cheetah offers a pioneering solution that will give clients better predictability, control, and performance. We look forward to a continued relationship with Rapid Addition as both our products, and client needs, develop over time.”
Notes to Editors:
About Rapid Addition
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
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.
For further information, please visit www.rapidaddition.com
About Azul Systems
Azul Systems delivers high-performance and elastic Java solutions with unsurpassed scalability, manageability and production-time visibility. Designed and optimized for x86 servers and enterprise-class workloads, Azul’s Zing JVM is the only Java runtime that supports highly consistent and pauseless execution for throughput-intensive and latency-sensitive applications within the financial services and real-time advertising sectors. Azul’s enhanced Java technologies also enable organizations to simplify Java-based operations by deploying fewer instances while achieving lower average latencies, greater response time consistency and dramatically improved operating costs.
For further information, please visit
For media enquiries please contact:
Adam Honeysett-Watts or Anna McCaul
+44 (0)20 3440 5656