NYSE Technologies, the commercial technology unit of exchange group NYSE Euronext, has upgraded its Risk Management Gateway (RMG) service, which is now offered in NYSE Euronext's US data centre in New Jersey.
NYSE Technologies will introduce a new web interface and website for RMG in Q4 2010 featuring functionality that aligns with the Security and Exchange Commission's recently announced regulations on sponsored access in Rule 15c3-5.
The SEC voted on 3 November to introduce pre-trade risk management checks for brokers that will eliminate the offering of ”naked' access to markets for their clients. Naked access sacrifices risk checks for speed of access to a trading venue.
“RMG, which is already available and covers nearly 50 US trading destinations, provides our clients with the most comprehensive set of customisable risk controls that help maintain best practices and regulatory compliance without compromising speed or performance,” said Bruce Boytim, vice president, RMG at NYSE Technologies. “We are excited to launch this product which enables us to improve functionality and speed by integrating RMG within our fully-managed data centre environment. We also look forward to quickly introducing even more risk-check functionality that is in sync with the SEC's comprehensive recommendations on sponsored access.”
”¨”¨NYSE Technologies’ Risk Management Gateway is a high throughput, low-latency routing and risk management engine with risk checks and reporting capabilities.