Hotspot gets summer upgrades
It now takes an order an average of 5 milliseconds to travel through the revamped platform, down from 15 milliseconds, according to Paul Reidy, director and head of technology for Hotspot.
Hotspot made the decision in January, to replace its existing gateway with QuickFIX/J, a Java-based, open source FIX messaging protocol first released in May 2006. It started migrating its customers to the new infrastructure in May and the company hopes to have all the clients on FIX Proxy by July.
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