OCI announces the Release of QuickFAST

Feb. 6, 2009 - PRLog -- The financial services practice of OCI has developed, and today released, an open source version of the FAST standard. It is called QuickFAST.

The FAST [SM] (Fix Adapted for STreaming) protocol was developed by FIX Protocol Limited [FPL] (http://www.fixprotocol.org/fast/) as a way to reduce the bandwidth and network-latency required to distribute market data without incurring excessive CPU costs. It is being widely adopted in the financial industry.

Because FAST not specific to market data or the financial industry, there are opportunities for using FAST in a wide variety of message intensive situations.

The companion to a market data standard is a trading protocol. The Financial Information eXchange (FIX) Protocol is a "language" which defines specific kinds of electronic messages for communicating securities transactions between two parties. OCI also supports the open source implementations of FIX in both C++ and Java.  These implementations are known as QuickFIX and QuickFIX/J.  

The initial version of the C++ QuickFAST runs on Linux and Windows. There is also a .NET wrapped version for clients who wish to use it in a more native Windows manner.

Dr. Moshiri the CEO of OCI commented, "this one more indication to our financial clients of the new kinds of value open source providers like OCI can bring. We are changing the way serious trading companies think about building systems."

OCI offers support and tailoring of the QuickFAST product to users with specific exchange needs. For more information contact sales@ociweb.com or call 1 (314) 579-0066 ext. 206.

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OCI is a 15 year old US based, SW engineering company with offices in St. Louis and Phoenix. OCI provide SW engineering consulting, training services and support for open source, real time middleware products. Primary markets are Defense, Telco and Finance.