ConvergeEx Upgrades Pre-Trade Risk Controls for ConnEx
According to the New-York-based broker, ConnEx will provide additional risk checks with reduced latency and an improved user interface to help its clients managing their internal market access risk strategy.
"There have been a number of recent market events and new regulations that have highlighted why risk management continues to be a very important and ever-evolving topic in our industry," says George Rosenberger, who heads ConnEx.
The new interface is said to help users to create customized client groups. This will allow users to create a set of risk parameters or build a customized risk profile on a client-by-client basis. Users can also assign buying power, as well as credit and risk checks for their underlying clients.
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