BCS Prime Brokerage has announced that TripleCheck, Succession Systems' ultra-low-latency risk engine for direct market access (DMA), will be implemented at the firm for clients accessing Russian markets.
Aimed at proprietary and high-frequency trading (HFT) clients, TripleCheck allows for minimized latency while retaining standard pre-trade risk functionality, such as fat-finger checks and margin calculations. Initial testing of the system, the vendor says, has resulted in a throughput of up to 10,000 orders per second. A real-time dashboard allows compliance officers to monitor the trade flow and adjust where necessary.
"To remain at the forefront of what we do, and to continue to exceed our clients' expectations, BCS is committed to bringing innovative solutions to the market to capitalize on the growing demand for fast and efficient trade flows with Russia," says Tim Bevan, head of international prime sales at BCS. "We are currently looking to add markets, specific asset classes, client-oriented functions and liquidity services, and our appointment of Succession Systems will ensure we are able to consistently deliver cost-efficient, fast, flexible and comprehensive solutions."
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails