Rapid Addition, a provider of software solutions to electronic trading platforms, today announced that it has hired Deepak Dhayatker as the company’s Chief Technology Officer. Rapid Addition considers the appointment as important. In this role, Dhayatker will be expected to lead the company’s technology organization and drive its expansion based on the firm’s growth objectives.
Prior to joining Rapid Addition, Dhayatker worked at Commerzbank, where he helped the firm to develop electronic trading and led platform development teams across multiple locations. Before that, Dhayatker worked at BNP Paribas as senior lead software engineer. Before embarking on his role at BNP Paribas, Dhayatker served as a senior developer project lead at Dresdner bank. He also held senior software engineering roles at CMC Markets.
Dhayatker will split his time between London, where Rapid Addition’s head office is based, and Prague where the company’s core development
hub
Hub
A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method used by cryptocurrency exchanges. This method provides transparency and allows traders to see the depth of the market. It also allows for more competitive pricing because there is no trading desk and no price manipulation. The disadvantage of this type of platform is that sudden market volatility can shift all traders to one side of the market or the other. There can be all buys and no seller or all sellers and no buyers. Liquidity Hubs ExplainedThis leads us to a liquidity hub, which platforms and brokers use to process each trade on their platform. When many liquidity providers join together to form a liquidity hub, they can also process trades whether they are more buys then sellers or vice versa. Deals can be processed faster for lower costs. Liquidity hubs allow brokers to deliver tight spreads into their traders and execute client orders at the best available prices from multiple liquidity providers. Liquidity hubs are traditionally hosted in premier data centers with a high concentration of trading participants such as Hong Kong, Chicago, or New York. These hub services provide full redundancies on the equipment and network supporting them, including the international pipe to primary and secondary data centers.
A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method used by cryptocurrency exchanges. This method provides transparency and allows traders to see the depth of the market. It also allows for more competitive pricing because there is no trading desk and no price manipulation. The disadvantage of this type of platform is that sudden market volatility can shift all traders to one side of the market or the other. There can be all buys and no seller or all sellers and no buyers. Liquidity Hubs ExplainedThis leads us to a liquidity hub, which platforms and brokers use to process each trade on their platform. When many liquidity providers join together to form a liquidity hub, they can also process trades whether they are more buys then sellers or vice versa. Deals can be processed faster for lower costs. Liquidity hubs allow brokers to deliver tight spreads into their traders and execute client orders at the best available prices from multiple liquidity providers. Liquidity hubs are traditionally hosted in premier data centers with a high concentration of trading participants such as Hong Kong, Chicago, or New York. These hub services provide full redundancies on the equipment and network supporting them, including the international pipe to primary and secondary data centers.
Read this Term is located. He will report to Mike Powell, the CEO of Rapid Addition, as a member of the senior leadership team. Based on his experience at leading financial firms, Dhayatker will be expected to execute the engineering and professional services functions at Rapid Addition and drive best practice across the company’s operational processes. He will also work together with the senior architect team to ensure the ongoing development of the company’s high-performance middleware platform and the wider suite of electronic trading technologies.
Mike Powell, CEO at Rapid Addition, talked about the development and said: “I am delighted to have Deepak on board to strengthen our leadership team as we look to accelerate the growth of the last few years.”
Meanwhile, Deepak, also commented about his appointment and stated: “I am thrilled to be joining Rapid Addition, a company with a strong history of innovation in electronic trading that is committed to building high-performance enterprise platform technology. I am looking forward to contributing to the company’s growth and mentoring and developing my team to ensure that Rapid Addition remains a compelling place to work for tech talent in our industry. I am also excited to work with our customers and partners to deliver solutions that underpin their business strategies.”
Rapid Addition, a provider of software solutions to electronic trading platforms, today announced that it has hired Deepak Dhayatker as the company’s Chief Technology Officer. Rapid Addition considers the appointment as important. In this role, Dhayatker will be expected to lead the company’s technology organization and drive its expansion based on the firm’s growth objectives.
Prior to joining Rapid Addition, Dhayatker worked at Commerzbank, where he helped the firm to develop electronic trading and led platform development teams across multiple locations. Before that, Dhayatker worked at BNP Paribas as senior lead software engineer. Before embarking on his role at BNP Paribas, Dhayatker served as a senior developer project lead at Dresdner bank. He also held senior software engineering roles at CMC Markets.
Dhayatker will split his time between London, where Rapid Addition’s head office is based, and Prague where the company’s core development
hub
Hub
A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method used by cryptocurrency exchanges. This method provides transparency and allows traders to see the depth of the market. It also allows for more competitive pricing because there is no trading desk and no price manipulation. The disadvantage of this type of platform is that sudden market volatility can shift all traders to one side of the market or the other. There can be all buys and no seller or all sellers and no buyers. Liquidity Hubs ExplainedThis leads us to a liquidity hub, which platforms and brokers use to process each trade on their platform. When many liquidity providers join together to form a liquidity hub, they can also process trades whether they are more buys then sellers or vice versa. Deals can be processed faster for lower costs. Liquidity hubs allow brokers to deliver tight spreads into their traders and execute client orders at the best available prices from multiple liquidity providers. Liquidity hubs are traditionally hosted in premier data centers with a high concentration of trading participants such as Hong Kong, Chicago, or New York. These hub services provide full redundancies on the equipment and network supporting them, including the international pipe to primary and secondary data centers.
A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method used by cryptocurrency exchanges. This method provides transparency and allows traders to see the depth of the market. It also allows for more competitive pricing because there is no trading desk and no price manipulation. The disadvantage of this type of platform is that sudden market volatility can shift all traders to one side of the market or the other. There can be all buys and no seller or all sellers and no buyers. Liquidity Hubs ExplainedThis leads us to a liquidity hub, which platforms and brokers use to process each trade on their platform. When many liquidity providers join together to form a liquidity hub, they can also process trades whether they are more buys then sellers or vice versa. Deals can be processed faster for lower costs. Liquidity hubs allow brokers to deliver tight spreads into their traders and execute client orders at the best available prices from multiple liquidity providers. Liquidity hubs are traditionally hosted in premier data centers with a high concentration of trading participants such as Hong Kong, Chicago, or New York. These hub services provide full redundancies on the equipment and network supporting them, including the international pipe to primary and secondary data centers.
Read this Term is located. He will report to Mike Powell, the CEO of Rapid Addition, as a member of the senior leadership team. Based on his experience at leading financial firms, Dhayatker will be expected to execute the engineering and professional services functions at Rapid Addition and drive best practice across the company’s operational processes. He will also work together with the senior architect team to ensure the ongoing development of the company’s high-performance middleware platform and the wider suite of electronic trading technologies.
Mike Powell, CEO at Rapid Addition, talked about the development and said: “I am delighted to have Deepak on board to strengthen our leadership team as we look to accelerate the growth of the last few years.”
Meanwhile, Deepak, also commented about his appointment and stated: “I am thrilled to be joining Rapid Addition, a company with a strong history of innovation in electronic trading that is committed to building high-performance enterprise platform technology. I am looking forward to contributing to the company’s growth and mentoring and developing my team to ensure that Rapid Addition remains a compelling place to work for tech talent in our industry. I am also excited to work with our customers and partners to deliver solutions that underpin their business strategies.”
Source: https://www.financemagnates.com/executives/rapid-addition-appoints-deepak-dhayatker-as-chief-technology-officer/