Rapid Addition partners with LatAm FIX specialist Extol

First Published 5th April 2012

Rapid Addition partners with LatAm FIX specialist Extol

Kevin Houstoun, Chairman, Rapid Addition

Kevin Houstoun, Chairman, Rapid Addition

"Extol can now help customers who have a need for a complex integration projects."

London - Rapid Addition, the provider of trading technology solutions to buy- and sell-side financial institutions, has partnered with Extol to distribute its products across Latin America.

Rapid Addition is currently working with several businesses in the region, including Bolsa de Valores de Colombia (BVC), operator of the country's main securities exchange which implemented the firm's solutions as part of the LatAm Integrated Market (MILA project).

Kevin Houstoun, Chairman at Rapid Addition, commented: "This partnership will present companies in the region with the opportunity to improve their performance and efficiency, through the automation of business processes and the availability of the fastest commercial FIX messaging technology. For those that are already using our low latency technology, it will enhance the local support of those systems that are already in place. The recent OnX Intel performance benchmarks on FIX engine performance, illustrated that Rapid Addition has the best FIX technology in this market place, and this partnership makes it available in LatAm with local support and integration expertise. Extol can now help customers who have a need for a complex integration projects as well as reducing the latency of their trading infrastructure and addressing any issues from their other products."

Edwin Montenegro, CEO at Extol, added: "At a time of incredible change and development in the BRIC marketplace, the demand for proven high performance technology and FIX-compliant products has risen greatly, particularly in Brazil. Partnering with Rapid Addition is the next logical step for this economy."

Kevin Houstoun, concluded: "We have experienced strong demand for our solutions across Latin America and Mexico and through working with Extol, one of the most respected FIX integrators in the market, we can react to this and be a part of what is currently a crucial emerging market."

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