Saxo Bank Takes Rapid Addition's FIX Engine
Saxo Bank will utilize Rapid Addition's RA-Cheetah FIX Protocol engine to support its trading operations.
Written in C#, RA-Cheetah is designed for the full spectrum of trading entities, including exchanges, multi-lateral trading facilities, buy and sell-side clients and others. The engine is designed with ultra-low latency in mind.
"Having developed our own internal FIX engine and maintained it for years, choosing a third party FIX engine was a strategic decision in order to reduce the total cost of ownership in addition to leveraging the knowledge of industry experts," says Jonas Gudjonsson, enterprise architect at Saxo Bank. "Having evaluated a number of different providers, Rapid Addition clearly met our requirements both in terms of latency and throughput, as well as the technology fit being pure .NET/C#. In a high performance and high availability .NET environment, it is important that the right practices are applied especially with regards to garbage collection."
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