Raiffeisen Bank rolls out Chronicle FIX for global ETD business

Dan Barnes

Chronicle Software, a specialist provider of low-latency microservices and technology for financial services, has expanded its footprint in Raiffeisen Bank International.

The bank has rolled out Chronicle’s Java-based, low-latency, FIX engine across its complete global exchange traded derivative (ETD) workflow, having initially implemented it within one of its regional trading centres.

The Chronicle FIX engine reportedly offers a low latency, high throughput – claiming 1 million messages per server/second – using a rule-based routing for ease of scalability, multi-level security and a robust design supporting uninterrupted trading, Chronicle FIX is acknowledged as an industry-leading core trading technology.

Peter Lawrey, CEO of Chronicle Software.

Peter Lawrey, CEO of Chronicle Software said, “Our continuing investment in our FIX Engine and regular product enhancements allow banks to implement a unified, scalable and resilient FIX trading solution seamlessly within legacy applications. Also by providing the source code we enable customers to maintain complete implementation flexibility over implementation as well as over price and performance.”

Anton Kenyaykin, head of capital markets sales at Raiffeisen Bank International, said, “Following an extremely successful implementation of Chronicle FIX we have now deployed this across our ETD trading business. We are delighted with Chronicle’s unique approach of giving us access to the source code, which not only provides us with budget certainty but also enables us to build a tailored solution that fulfils our requirements and meets the needs of our customers”.

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