Rithmic has a reputation of poor performance.Data lags, phantom executions, and incorrect processing of orders from OMS platforms.This is not a professional grade service. There are constant patches needed. I'd seriously like to read their SLA if they have one. Don't see how they're still in business. These issues have existed for several years.
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Rithmic, LLC is a leading provider of direct market access (DMA) trade execution software to the global financial community. Boasting high speed, low latency, ultra-low latency and massive throughput capabilities, Rithmic's software infrastructure is a broker and FCM neutral platform that provides turnkey and developer access to a wide range of exchanges and asset classes, complete with a variety of pre-trade and post-trade risk management and real time, delayed and historical market data.See more