InfoReach is set to release its enhanced risk control functionality for electronic derivatives trading, which it claims will help firms to implement pre-defined risk checks.
Citing million dollar losses from technology glitches as driving the demand for the enhancements, the trading platform provider’s controls will monitor and control risk in real time.
The controls will cover both manually and algorithmically originated orders and will alert users to adjust trades or block the release of non-compliant orders.
InfoReach CEO, Allen Zaydlin, said “These automated risk controls make it possible for our buy- and sell-side clients to quickly and seamlessly apply a hierarchy of safeguards and oversight to all their electronic trading across asset classes.”
“We’re empowering them to identify risk as well as arrest or control it on a real-time basis.”