Fluent Trade Technologies has announced that it has enhanced its trading technology platform by launching post-trade risk management services and ‘at-trade’ venue credit and kill switch APIs. The new services are hosted on the same platform as Fluent’s existing pre-trade risk controls.
The firm says the new services are in full production, including an unnamed top tier FX bank that went live in Q3 2017.
The post-trade services work across multiple trading venues, providing unified ECN and liquidity provider (LP) drop copy feed with reconciliation, post-trade risk management controls and management, and API connectivity between Fluent’s risk management system and clients’ legacy risk systems and market data indexes.
The at-trade services provide unified ECN and LP credit and kill switch APIs. The firm says these services enable traders and prime brokers to control and manage all internal and external credit limits, as well as trading activity, based on throughput and behavioural risk rules.
“The combination of these new services, together with our existing pre-trade risk controls, provides complete visibility into FX trading, order flow and credit risk exposures,” says David Faulkner, managing director at Fluent. “Our expertise in ultra-low latency with venues and LPs, means that post-trade and at-trade clients get a competitively priced and genuine real-time platform, compared to incumbent providers.
“Our new risk management services offer comprehensive and market-leading risk insight, management and control, which is highly significant in the current regulatory environment,” he adds.