Rapid Addition and Tauri Partner for Orb Launch
Based in Neotel's Midrand datacenter, the network will further drive down transaction costs through the standard messaging protocol. Brokers and institutions will be able to transact in a fully-electronic manner, while Rapid Addition's CheetahFIX platform will provide localized solutions. International connectivity will be provided through London-based locations.
"In a tough economic cycle, the Orb FIX Messaging Network will provide a standards-driven, cost-effective solution to financial business communications that will grow and expand with the advent of other third party services and wider connectivity over the next 12 to 18 months," says Kevin Houstoun, chairman at Rapid Addition. "We look forward to working with businesses in the region to help them get ahead of the competition."
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