The Risk & Monitoring solutions are designed to react to orders and market data, applying risk and compliance checks that can stop non-compliant orders reaching the exchange and/or can generate alerts and reports. These monitoring tools can be customized to client-specific requirements.
Our Risk & Monitoring solutions are delivered on purpose-built servers. Multiple trading clients can connect at the same time without affecting latency.
These tools are either:
- In-line - in the direct flow of orders.
- In-parallel - out of the direct flow.
IN-LINE
Our solution sits in the order pathway between the trading client and the exchange. Data traffic is captured, stored and processed on the supporting server, which allow for more complex calculations, but at a relatively higher latency.
IN-PARALLEL
Data processing occurs on a copy of the order data, so it doesn’t affect the latency. It does affect the time required to prevent non-compliant orders from reaching the Exchange.
RISK TRACKER
The risk tracker uses risk check parameters to review orders and generates alerts for each order that breaches the risk checks. The Risk Tracker can be configured such that it functions as a Kill-switch / or Red button.
PROTOCOLS
Messages between the trading client and the solution use a proprietary/compact Psonic protocol and message structures. These are converted to/from the applicable native exchange format when messages are sent to or received from the Exchange.
USER INTERFACE
A user interface is provided via a web-based interface and Linux-based command line, providing access to reporting and risk check parameter configuration.
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