RA FIX Engine

RA FIX Engine is an enterprise grade, highly performant and proven solution, trusted by leading sell-side banks, inter-dealer brokers, asset managers and trading venues around the globe for mission-critical trading operations.

Industry-Leading FIX Engine Trusted by our Customers

Our multi-award-winning technology is viewed as highly performant, scalable and resilient by our customers. Whether deployed as a standalone FIX engine or incorporated as a key component within RA Platform, our FIX technology supports a wide spectrum of use cases and all asset classes referenced by the FIX Protocol.

Engineered for Mission-Critical Trading Environments

RA FIX Engine is engineered for enterprise grade usage across the capital markets trading lifecycle and is trusted by leading sell-side banks, inter-dealer brokers, asset managers and trading venues for mission-critical operations. Whether routing large volumes of orders, distributing high-updating price quotes, or providing seamless integration into middle-office systems, our solutions can be relied upon to provide the performance and reliability demanded by our customers.

Best-in Class Performance

RA FIX Engine delivers consistent low latency, high throughput performance. Achieving Market Data tick to trade of < 13us at 99.9% of messages (wire to wire) while eradicating outliers to ensure deterministic latency our FIX solutions can be relied upon in the most demanding environments.

Full FIX Protocol Support

RA FIX Engine is data driven and supports all FIX versions out-of-the-box. In addition, it provides flexible support for custom and non-standard FIX fields through the intuitive RA FIX Repository XML GUI/Editor. Full FIX Protocol session support is provided, including complex sequence number management.

Multi Language API Support

RA FIX Engine is available in both Java and .NET versions. Both versions are fully documented, facilitating smooth integration into trading applications. API incudes a ‘Getting Started’ guide plus code examples, making the API straightforward to use.

Avoid Performance Bottlenecks at Scale

RA FIX Engine’s Garbage Collection-Free Design ensures low and predictable latencies by employing object-pooling and efficient data types. This comes out-of-the-box, with no need for complex coding around the FIX engine architecture.

Manage Multiple Client Sessions Independently

RA FIX Engine utilises non-blocking Asynchronous I/O to manage multiple sessions efficiently. This allows your application to react when detecting certain undesired scenarios and apply appropriate handling – such as custom conflation – to the outgoing message stream. For example, this would allow slow consumers of an FX price stream to be isolated and managed individually to avoid stale price updates, whilst also avoiding any performance impact to other clients.

Avoid Dev Headaches

RA FIX Engine does not need to be wrapped in additional tooling or supported by stability patches. It also provides comprehensive logging, so customers do not need to add their own instrumentation for debugging.

Interoperability with Trading Infrastructure

With its modern design, the RA FIX engine can be integrated with messaging systems, including JMS-compliant brokers such as ActiveMQ, IBM MQ, Kafka and Solace. In addition, it supports the FIXT handling (e.g., FIX 5.0 SP2 with application-layer versioning). When incorporated as part of the full RA Platform, the solution enables seamless transformation between any commonly used protocols and technologies, ensuring seamless data flow across fragmented trading infrastructures.

Security for Enterprise Level Compliance

RA FIX Engine provides native support for TLS/SSL (Java version) and is also compatible with the use of TLS/SSL proxies (both versions). In addition, the RA FIX Engine does not use any third-party libraries, so customers do not need to worry about managing security updates or using third-party tools to check for introduced vulnerabilities.

High Availability and Failover-Ready Architecture

Out of the box, the RA FIX Engine provides seamless persistence layer integration, supporting deployment with high availability architectures for business resiliency and data loss mitigation.

Flexible Deployment: On-Prem or in Cloud

RA FIX Engine can be deployed on-prem or in the cloud and is compatible with any modern x86 server specification, supporting customers’ infrastructure strategies.

Future-Proof: Scalable Upgrade Path to RA Platform

Seamless transition to the full RA Platform as our customers’ business grows or to meet more challenging integration and workflow requirements. When incorporated as part of RA Platform, our highly scalable technology can support thousands of FIX sessions and high-volume throughput across global deployments.

Expert Technical Support When You Need It

Business Hours Support is included as standard to provide comprehensive technical assistance and incident resolution, providing our customers immediate access to our highly experienced trading technology team.

Our FIX solutions are deployed extensively across a wide spectrum of use cases at leading financial institutions across the globe.

Use-case #1 – EQ

Deployed at a leading sell-side bank to support order routing across retail, institutional and internal hedge fund cash equity and derivatives trading. Acting as a single FIX hub across all order flow to ensure seamless routing to the firm’s OMS and execution platforms.

Use-case #2 – FX

Implemented by a European tier-one bank to facilitate FX market making operations, streaming pricing onto multi-dealer venues and for associated hedging activities. The RA FIX Engine ensures seamless integration with the bank’s pricing engine and highly resilient price distribution to support its successful FX franchise.

Use-case #3 – Post Trade

As well as leveraging RA’s FIX solution to enable client connectivity and order routing, this large US sell-side broker ensures seamless integration of trade data into middle-office applications and their risk management system.