Rapid Addition Named Best FIX Engine Provider at the TradingTech Summit 2024

Rapid Addition CEO Mike Powell and CTO Deepak Dhayatker with the award for Best FIX Engine Provider

Rapid Addition won the award for Best FIX Engine Provider at the TradingTech Insight Awards Europe 2024. The ceremony took place at the Hilton, Canary Wharf after the TradingTech Summit – A-Team’s flagship annual conference.

The event provided expert insights into the full spectrum of trading technology, discussing topics ranging from regulatory trends and technology drivers for innovation to opportunities to ensure market resilience and increase ROI on technology investments. There were live demos on stage showcasing exciting new projects, including UBS’s contribution to FINOS Vuu – an open-source View Server framework for building large, real-time grid-based trading and risk systems.

Gary Harmson, Principal Customer Engineer at Google, gave an insightful keynote session on managing the cost of the cloud. He touched on important metrics for tracking costs, assessing the role of AI in the automation of cloud cost optimization, as well as the dos and don’ts customers need to consider.

There was a key debate regarding how interoperability and low code/no code technologies can drive trading innovation. The discussion was moderated by Reena Raichura, founder of the fintech consultancy firm Finergise, and featured valuable insights from industry experts Will Winzor Saile, Partner at Redburn Atlantic; Jon Butler, CEO at Velox (a Rapid Addition partner); Cathy Gibson, Global Head of Trading at Ninety One and Rob Moffat, Senior Technical Architect at FINOS.

“The number of times I see traders copying from trading platforms, pasting into Excel, putting it in Bloomberg… They shouldn’t need to do that, it should just all work together. If you simplify that workflow, you increase their productivity, you get them to focus on what they should be doing, not manually rekeying stuff between two platforms.” – said Will. The panel then emphasized the importance of user experience, workflow-led design and ensuring the new systems being introduced interoperate with the existing technology stack.

Rapid Addition’s product suite provides business agility, application interoperability, workflow automation, and seamless cross-system navigation through low-code platform configuration and an Open API philosophy. We were therefore pleased to see that the panel shared our vision for technology innovation through technical excellence and a deep focus on simplifying complexity and enhancing user experience.

The afternoon sessions covered topics including disruptive innovation in market data, the potential of big data, AI and Machine Learning in trading research and analytics, the evolution of communications surveillance, and advice on preparing for T+1 SEC settlement.

Following the sessions and cocktail reception, was the awards gala, where we were delighted to be among the winners, together with our friends and colleagues at BMLL, big xyt, valantic FSA, OpenFin, Acquis, FlexTrade, among others. Congratulations to everyone, including the winner of the Editor’s Recognition Award for European Trading Technology Industry Professional of the Year – Will Winzor Saile, Partner, Execution Analytics & Architecture at Redburn Atlantic. See the full list of winners here.

Rapid Addition was represented by our CEO Mike Powell, CTO Deepak Dhayatker, and Head of Marketing Loreta Bahtchevanova.

Rapid Addition CEO Mike Powell and CTO Deepak Dhayatker accepting the award for Best FIX Engine Provider from Andrew Delaney founder of A-Team
Rapid Addition CEO Mike Powell and CTO Deepak Dhayatker accepting the award for Best FIX Engine Provider from Andrew Delaney founder of A-Team

Angela Wilbraham, CEO at A-Team Group, and host of the TradingTech Insight Awards Europe 2024 commented “Our awards celebrate excellence in trading solutions and services for capital markets and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions. Our congratulations go to Rapid Addition for their achievement in winning Best FIX Engine Provider in a highly competitive contest.”

Mike Powell, CEO of Rapid Addition shares his appreciation commenting: “What I love most about receiving this award is the recognition it represents for our development and engineering teams. We work hard to build solutions that make our customers’ lives easier and wrap that in hands-on support. So special thanks to our technology team and of course all the customers who continue to partner with us.”

We would like to thank all our customers, partners and industry colleagues who voted for us and continue to support Rapid Addition.