NYSE Technologies, the commercial technology arm of NYSE Euronext, has launched a new post-trade monitoring tool, Trade Exception Radar, which is designed to help firms collect and analyse trading patterns and detect and identify potential trading issues in real time.
Available in the US, the product is designed to offer fully automated surveillance and compliance capabilities across asset classes. Its automated workflow tracks trading patterns and provides post-trade monitoring capabilities.
The tool also features an audit trail that includes surveillance of executed trades, alerting, escalation, resolution and reporting. In addition, the Trade Exception Radar has the ability to interface with multiple order management systems and provide real-time ID and alerting of trade exception problems.
“The Trade Exception Radar is a key piece of our full risk protection suite, which covers all aspects of trading controls from pre-trade to at-trade, and now to post-trade,” said Dan Romanelli, vice president, NYSE Technologies. “This ultra-low latency trading tool simplifies the compliance, surveillance and reporting process by allowing firms to manage all these different components into one fully integrated product.”
NYSE Technologies also offers the Risk Management Gateway (RMG), a low-latency routing and risk management engine with risk checks and reporting abilities. Last month, the company opened its latest Liquidity Center installation in Toronto, Canada, to provide market access, market information and trading services from a single hub at a reduced cost.