Gissing says that it has developed its products to enable organizations that are already using the FIX Protocol to quickly begin using the new Fast protocol, helping them achieve faster processing times and improved data throughput.
As well as using the Fast Protocol for their FIX applications, Gissing says that its family of Fast products will also allow organizations to use the protocol to handle and contribute data between other applications, subscribe to market rates feeds that use the protocol, and deliver data directly to their market data platforms.
Richard Gissing, CTO of Gissing Software said: With Fast likely to be confirmed as one of the primary protocols used by organizations publishing pre and post-trade data to comply with MiFID in Europe, we’ve taken the strategic decision to add FastProtocol handling to our product set. Increasing volumes in electronic trading and market data messaging rates are driving the need for tools such as the Fast Protocol and we firmly believe it will benefit our customers in the long term.
