Aggregate and Distribute eFX Pricing at Scale

Deliver fast, reliable and highly tailored FX pricing across multiple liquidity sources, client segments and distribution channels.

Institutional eFX has evolved far beyond publishing a single executable price over FIX. Banks must ingest high-volume data from multiple liquidity providers, construct accurate liquidity views, apply proprietary pricing logic, and distribute vast numbers of client-specific quotes with consistently low latency.

The RA Platform provides the high-performance connectivity, messaging and workflow capabilities needed to integrate this complex ecosystem. From liquidity ingestion and normalisation to granular price distribution and execution handling, Rapid Addition helps banks deliver differentiated eFX services at scale while retaining control of their pricing strategy and intellectual property.

Power the Complete eFX Price Workflow

The RA Platform enables banks to:

Ingest high-volume pricing feeds from multiple LPs, ECNs, venues and internal systems.

Normalise different data formats and proprietary protocols into consistent internal models.

Integrate liquidity aggregation, order-book construction, pricing engines and analytics.

Distribute high volume streaming prices, Request for Stream (RFS) and Request for Quote (RFQ) responses.

Apply customer-defined routing, transformation, enrichment and distribution rules.

Correlate inbound orders with the prices originally presented.

Monitor pricing flows, FIX sessions and platform performance in real time.

Rapid Addition delivers these capabilities without requiring banks to replace the proprietary pricing models and analytics that differentiate their eFX franchise.

Simplify Liquidity Aggregation

Banks consume pricing from multiple external and internal sources, each with different protocols, update rates and operational characteristics. Bespoke point-to-point connections create complexity, slow onboarding and make change harder.

RA Platform provides an interoperable messaging layer that allows banks to:

Connect rapidly to new LPs and venues
Translate FIX and proprietary formats
Validate, filter, enrich and route price data
Feed normalised data into aggregation, order-book and pricing services
Distribute data to multiple downstream applications

This reduces hard-coded integration while allowing pricing, distribution and analytics components to evolve independently.

Deliver the Right Price and Liquidity to Every Client

Pricing may vary according to client segment, relationship tier, trade size, credit, trading behaviour, currency pair, liquidity conditions and the bank’s inventory or risk position.

RA Platform enables banks to apply highly configurable distribution rules across:

Individual clients and customer segments
Relationship and service tiers
Currency pairs and instruments
Trade sizes and liquidity rungs
Price streams and liquidity pools
Or any other tiering mechanism through customisable business rules

The bank can determine precisely which prices, spreads, sizes and levels of market depth each customer receives. This enables highly granular service differentiation aligned with its client strategy, risk appetite and commercial objectives.

Scale Distribution Without Losing Control

Each market movement can generate thousands of client-specific price updates across multiple rungs and channels. During volatile periods, volumes can increase dramatically at precisely the time performance matters most.

RA Platform’s high-throughput, low-latency architecture helps banks maintain predictable performance under sustained volumes and sudden market peaks, supporting:

Large-scale FIX session management
Streaming, RFS and RFQ workflows
High-volume publish-and-subscribe messaging
Horizontal scaling and load distribution
High Availability and resilient deployment

Banks can scale distribution across clients, markets and regions without embedding channel-specific complexity within their pricing engines.

Manage Slow Consumers Intelligently

Not every client can process prices at the rate at which they are generated. Allowing obsolete updates to accumulate introduces latency and undermines pricing quality.

Configurable slow-consumer and flow-control mechanisms allow banks to apply:

Price conflation and throttling
Client-specific update frequencies
Queue and back-pressure controls
Session and workflow prioritisation
Automated alerts and exception handling

These capabilities protect the wider platform while prioritising the delivery of current, actionable prices.

Gain Real-Time Operational Visibility

RA Monitor delivers consolidated insight across the complete price lifecycle – from upstream liquidity and internal pricing services to the resulting quote driven client order.

Operations and trading teams can monitor:

LP and client connectivity
Latency and performance
Slow-consumer conditions
Order status and detail down to tag-level
Historical activity

Real-time alerts and forensic message tracing help teams identify issues quickly, protect service quality and optimise platform performance.

Rapid Addition workflow platform displayed on a laptop

Build a More Competitive eFX Platform

Competitive advantage in eFX no longer comes from the pricing engine or FIX gateway in isolation. It depends on how effectively liquidity sources, pricing services, distribution channels, risk controls and operational tools work together.

Rapid Addition provides the high-performance integration and workflow layer that connects these capabilities – helping banks deliver highly tailored liquidity, scale their eFX services, and adapt rapidly to changing client and market demands.

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