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.
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
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.”