Wedbush Securities integrates Rapid Addition’s platform to upgrade trading infrastructure
The collaboration will set the stage for further innovations including possible expansion into asset classes and workflows, according to the firm.
The collaboration will set the stage for further innovations including possible expansion into asset classes and workflows, according to the firm.
“With this new partnership, we will be able to go beyond the capabilities of standard FIX engines, creating even more comprehensive, agile and robust solutions for capital markets firms,” Matt Barrett, chief executive and co-founder of Adaptive tells The TRADE.
Having been instrumental in the development of the Financial Information Exchange (FIX) Protocol, chairman of Rapid Addition and director at FIX Protocol Ltd, Kevin Houstoun, provides a brief history of the industry’s messaging standard.
Latest messaging platform from Rapid Addition looks to increase flexibility for clients adapting electronic trading workflows.
Citi has deployed Rapid Addition’s Hub and FIX engine to bolster pricing technology for clients in London, Tokyo, New York and Singapore.
Mike Powell spent more than 17 years at Thomson Reuters, most recently overseeing the data feed and platform business under the Elektron brand.