Performs comprehensive risk checks, compliance verifications, and control actions in a centralized view across asset classes, markets, and protocols
Woburn, Mass. - February 27, 2012 - Redline Trading Solutions, Inc., a leading provider of ultra-low latency trading solutions, introduced the Redline Pre-Trade Risk Solution, which performs in less than one microsecond a comprehensive series of risk checks, verifications, and control actions in accordance with the Securities and Exchange Commission’s Market Access Rule 15c3-5.
The SEC Market Access Rule 15x3-5 mandates that broker-dealers implement risk management controls and supervisory procedures in order to protect the markets from errors in trading applications. The Redline Pre-Trade Risk Solution works in conjunction with the Redline Execution Gateway to provide ultra-low latency pre-trade risk management for the most latency-sensitive applications. With an easy-to-use, secure web-based interface, the Redline Pre-Trade Risk Solution enables customers to set a wide range of order-level and position-level risk checks that ensure compliance and protection prior to execution.
“The addition of our Pre-Trade Risk Solution to our suite of accelerated trading software allows our customers who require broker-dealer sponsored access to close the tick-to-trade loop with best in class performance,” said Mark Skalabrin, CEO of Redline Trading Solutions.
Redline Trading Solutions - LEAD WITH SPEED
Redline Trading Solutions provides leading-edge trading solutions that solve the toughest latency and throughput challenges for the world’s most successful investment banks, hedge funds, and proprietary trading groups.
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