|
|
|
Direct Edge has added EdgeRisk Controls, a pre-trade risk tool for its EDGA and EDGX Exchanges, which facilitates compliance with the US Securities and Exchange (SEC) Market Access Rule 15(c)3-5 for broker-dealers and their clients.
It provides pre-trade protection with real-time, intraday risk checks specified via a web interface. Pre-trade controls are integrated directly into the exchange trading infrastructure, allowing users to control the entry of orders against trading checks on a real-time basis.
The first risk offering from Direct Edge allows users to control the entry of orders against trading checks that include: restriction of specific order types, maximum notional value or size, and price threshold parameters.
"EdgeRisk Controls is in response to an increased demand from Direct Edge Members for comprehensive pre-trade risk tools that do not compromise efficiency," says Bryan Christian, head of sales. "As the industry focuses more on risk management and controlled access to the markets, we believe this service, provides a set of risk management tools that give our members greater confidence and controls in accessing our exchanges."
More from Sell Side Technology
Related Articles
Latest Media
Events
Updating your subscription status 
Gain access for your entire organisation
Voting now open -- WATERS RANKINGS 2013
Our 11th annual survey is now open and you get the chance to choose your best solutions and technology providers. Waters Rankings 2013 features 26 hotly contested awards - so have your say.
Events
Training
Email Alerts
Latest Whitepapers
Complex, dated and unwieldy data infrastructure is not uncommon among even the most progressive companies in the world of finance. As financial regulations...
With the launch of a new legal entity identifier (LEI) looming, the financial services industry needs to get ready to ensure efficient and timely implementation...
Visitor comments Add your comment