New Tool Aims to Help FCMs Monitor Risk

The
Technancial Company (TTC) and Ullink have jointly launched a solution that
monitors all Sponsored Direct Market Access (SDMA) trading activity
continuously for HFT trading clients on all major exchanges.

According
to the two companies the genesis for this launch was when a major global bank
FCM that provides clearing and SDMA to many major global trading firms in
multiple markets scattered across regions needed to monitor its risk.

“In short,
the client needed to improve trade monitoring as they were under regulatory
pressure to demonstrate how the risk was being monitored,” the companies explain
in a release issued today. “Additionally, the FCM needed to be able to maintain
the systems i.e. maintain and update customer accounts and limits, receive alerts
for a variety of breaches implemented and stored, provide control and
monitoring screens to risk and trading managers around the world. All of this
was required without the need for additional support personnel or expensive
infrastructural additions.”

Based on
this brief, Ullink and TTC combined Ullink Drop Copy technology with TTC’s
Janus Risk Manager to enable FCMs to monitor and display their risk exposures.
The project was initially deployed across Asia, and is now in the final stages
of a global roll out.

From a
regulatory aspect, this new solution is designed to address requirements
contained within Mifid II, specifically RTS 6 which imposes a real-time control
on direct electronic access and monitoring of algo trading with the
implementation of kill functionalities.

galen@profit-loss.com

Twitter
@Galen_Stops

Twitter
@Profit_and_Loss

Colin Lambert

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