EQUITIES

Nasdaq overhauls risk management platform

Market operator Nasdaq OMX has unveiled a new set of risk management tools within its access services business, which will come under the TradeGuard brand and forms an expansion of the firm’s risk offering from the 2010 acquisition of risk platform FTEN.

By Richard Henderson richard.henderson@information-partners.com January 29, 2014 5:20 PM GMT

Market operator Nasdaq OMX has unveiled a new set of risk management tools within its access services business, which will come under the TradeGuard brand and forms an expansion of the firm’s risk offering from the 2010 acquisition of risk platform FTEN.

Participants will be able to select specific risk management tools from the TradeGuard, which will be run by RiskXposure, a risk management engine. Clients will have access to solutions previously offered through Nasdaq’s Access Services arm, alongside three new TradeGuard products.

In a statement, Nasdaq said the three core TradeGuard products would be: RiskWay, a software based trade control gateway for equities execution; External Gateway Manager, an intermediary solution that lets third party gateways be controlled through TradeGuard; and Risk Wrapper, a post-trade and front-end risk measurement tool.

“The metamorphosis of our risk management solutions into TradeGuard will allow our customers to leverage an all-inclusive platform to manage all levels of risk monitoring,” said Stacie Swanstrom, senior vice president, Nasdaq Access Services.

“TradeGuard’s advanced suite of solutions will bring customers’ risk management capabilities closer to the point of trade, empowering them with deeper insight to safely and effectively manage their businesses.”