NYFIX, a trading solutions provider, has released Appia v5, the newest version of its FIX engine. The new version features load-balancing capabilities and performance fine-tuning.
Appia v5’s features include reduced latency and higher message throughput capabilities, which, according to NYFIX, enables clients to handle increased trading volumes while remaining responsive to fast-moving market opportunities. The company added that the new version includes increased flexibility to facilitate its integration with existing trading applications and networks. It said this will ensure fast installations and efficient end-to-end trading solutions.
It also features immediate failover protection for uninterrupted trading through the addition of load balancing and high availability options.
“With trading volumes surging and executions being measured in milliseconds, financial institutions across the globe are constantly looking to minimise data latency as a way to differentiate themselves and gain a competitive advantage,” said Bob Moitoso, global head, FIX division, NYFIX, in a statement. “We have evolved Appia to address these challenges and included numerous performance enhancements that will enable our clients to respond immediately to fast moving market opportunities and reach the market before their competitors.”