Market data and trading software firm Fixnetix is to unveil iX-Risk Control, an ultra-low-latency risk and limit management solution that offers a sub-millisecond trading interface across multiple venues.
According to Fixnetix, iX-Risk Control provides real-time risk management for prime brokers looking to develop their high-frequency trading business and will also help hedge funds and proprietary trading houses that want to minimise processing latency by trading under the sponsorship of exchange members.
By using iX Risk Control, firms will be able to control and fine tune pre- and post-trade risk throughout the trading day, as well as integrate bespoke requirements, such as restricted stock lists. The tool will allow hedge funds and proprietary trading houses to code to a single application programming interface (API) covering stocks, futures, options and FX markets, while taking advantage of exchange and MTF members’ trading gateways located at each venue’s co-location facility.
“With the introduction of iX-Risk Control, prime brokers can ensure that those trading under their name aren’t putting that member firm in jeopardy,” said Hugh Hughes, CEO, Fixnetix. “At the same time, hedge funds and prop trading houses can secure the ultra low latency performance they need to be competitive, whilst maintaining their prime broker relationship of choice. iX-Risk Control gives both parties – prime brokers and the hedge funds and prop trading houses – the ability to view trading risk in microseconds at the source of the trading venue matching engines.”
iX-Risk Control will initially be available for the European market supporting a range of instruments including equities, equity derivatives, futures and options, FX and bond markets. The firm plans to add more markets and regions later this year.