Trading technology provider Adaptive has partnered with financial messaging protocols firm Rapid Addition to enhance its FIX solutions.
The firms say they are addressing increasing demands on clients around regulatory change and margin pressures, with the partnership following the pattern of firms collaborating on trading solutions.
Mike Powell, CEO of Rapid Addition, commented: “FIX has been fundamental to enabling the growth of electronic trading, however, counterparty connectivity still creates challenges for many organisations. This partnership means we can help Adaptive’s customers simplify client onboarding and seamlessly integrate order flow when building custom front office trading systems.”
Rapid Addition’s FIX engine supports all versions of the FIX protocol alongside custom rules of engagement, allowing Adaptive to further customise its front-office trading solutions. Through the partnership, the company aims to provide clients with a full order management workflow and counterparty connectivity.
Rapid Addition has previously partnered with workflow automation provider ipushpull to keep users updated with FIX session disconnects and improve notification delivery speed. It has also been active in the digital asset space, working with Chainlink to develop a FIX-native blockchain adapter for institutional trading.
Matt Barrett, CEO and co-founder of Adaptive, added: “By combining our platforms we are enabling our clients to access new sources of liquidity and market data via enterprise-grade FIX capabilities. Our clients can rest assured that they not only have best-in-breed proprietary technology, but also the FIX connectivity needed to streamline counterparty onboarding, adapt to specific client rules, simplify workflows and, ultimately, scale.”
The companies are already connected through Rapid Addition’s use of Aeron, Adaptive’s open-source messaging and clustering product.
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