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."
Anthony and James look news pertaining to cryptocurriences and blockchain deployments, as well as AI and cloud.Subscribe to Weekly Wrap emails
- Buy-Side Technology Awards 2018: All the Winners
- In Praise of Perseverance: Laura Barrowman, Credit Suisse
- Brexit's Unintended Consequences Could Include Mifid III
- Wavelength Podcast Episode 145: CSDs Consider Crypto; Bank Robberies & AI; DTCC's Blockchain
- Alt-Data Difficulties Challenge Largest Asset Managers