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Rapid Addition partners with ThoughtWorks to launch RA-4QF - Successor to QuickFIX
Stefan Basiuk / Rapid Addition Limited <>
12 May 2009 4:49AM ET
London, 11TH May 2009: Rapid Addition, the leading technology solutions provider to global financial electronic trading markets, and ThoughtWorks, a global IT consultancy and the original providers of QuickFIX, have entered into a partnership to launch RA for QuickFIX (“RA-4QF”).
RA4QF enables existing users of QuickFIX to benefit from Rapid Addition’s high-performance, ultra-low latency FIX engine – RA-Cheetah™ – with minimal integration effort.
QuickFIX was originally developed by ThoughtWorks in 2002 as an open source FIX engine. Although extremely successful in its own right, advances in technology, coupled with new demands in today’s rapidly-changing market, have led Rapid Addition and ThoughtWorks to conclude that the time is right for RA-4QF, a dynamic, natural successor to QuickFIX.
Rapid Addition and ThoughtWorks have both been involved in FIX almost since its inception and aligning their efforts is seen by both companies as a natural step in the evolution of their respective businesses.
Rapid Addition is keen to assist existing users - estimated to be in excess of several thousand users globally - who may have outgrown QuickFIX, to make the transition smoothly and cost-effectively by registering their interest via the Contact Us page at www.rapidaddition.com
Toby Corballis, CEO of Rapid Addition, welcomed the announcement, saying: “We are very excited by our partnership with ThoughtWorks, the originators of QuickFIX. We look forward to delivering value to the QuickFIX community and providing clear and reduced Total Cost of Ownership with an easy to integrate, fully supported, FIX engine along with the increased performance and flexibility that users of our FIX engine currently enjoy.”
William Kimmel, VP of Professional Services of ThoughtWorks, added: "We at ThoughtWorks are proud of our work in creating QuickFIX, and we are very pleased to allow QuickFIX users a way to adopt the RA for QuickFIX platform quickly."