TMX Offers Pre-Trade Risk Tool

TMX Group today announced that it will be providing its equity trading clients with a pre-trade risk solution, meant to provide clients with risk-filtered access to all Canadian equity marketplaces.

"We are offering a low latency and functionally rich solution to assist participants in managing the risks associated with electronic trading and to help comply with the upcoming regulatory and financial risk management obligations mandated by regulators," says Robert Fotheringham, senior VP of trading at TMX Group. "Our flexible solution also enables participants to leverage the economies of scale of an exchange-hosted solution to manage order flow, market access, and risk across the whole market."

By utilizing the TMX fully-managed hosted service, with underlying technology provided by New York-based vendor Mantara, participants can avoid the significant time, costs, and resourcing associated with implementing and supporting its pre-trade risk management technology. The hosted solution is customizable at the firm, trader, and client levels with various options on access authority. TMX's hosted service allows brokers to offer their clients sponsored access with real-time risk controls, while maintaining a comprehensive view of their clients' risk profiles.