Rapid Addition Taps Former TR Enterprise Chief Powell as CEO

High-performance trading technology supplier Rapid Addition has named Mike Powell CEO, reporting to Executive Chairman and FIX guru Kevin Houstoun. Powell is former managing director for the enterprise division of Thomson Reuters, now known as Refinitiv, responsible for the company’s core data feed and platform business under the Elektron brand. Powell has been working as a consultant and advisor since leaving TR in 2017. At Rapid Addition, he will spearhead the company’s initiatives in providing high-performance enterprise solutions for electronic trading using FIX/FAST and FPGA technologies. Says Houston: “We see significant opportunity in helping customers evolve their trading infrastructure as regulation continues to push the industry towards an increasingly electronic and transparent world.”