ACTIV Financial Extends North American Pre-Trade Risk Control Offering To Canada
Online, February 11, 2013 (Newswire.com) - ACTIV Financial, a global provider of real-time, multi-asset financial market data and solutions, today announced it is extending its North American coverage of ACTIV TradeDeck, a fully managed solution providing an ultra low latency pre-trade risk gateway, to all Canadian exchanges for equities, options and futures. This high performance, flexible service is designed to help market participants address the Canadian IIROC and CSA regulations that will require pre-trade risk checks across all asset classes when they go into effect in March 2013.
TradeDeck offers full broker control over pre-trade risk, with real time intraday adjustment, order monitoring and a kill switch for all trading activity. The solution is fully integrated with enterprise credit and margin risk-based calculations informed by firm-level parameters not found in off the-shelf solutions. TradeDeck extends beyond pre-trade risk control, with extensive credit controls that allow intraday margin calculations that work in conjunction with the pre-trade risk modules for applying limits to the notional value, buying power and concentrated positions.
The addition of TradeDeck in Canada will provide a comprehensive, end-to-end solution including market data feeds, order routing and credit risk, hosted within close proximity to all major Canadian exchanges. This offering is available in a shared or dedicated infrastructure, and can be accessed via ActivNet, ACTIV's on-demand, low latency network that allows clients quick and seamless deployment.
"ACTIV is committed to meeting the evolving needs of our clients in today's dynamic regulatory environment," said Will Kennedy Executive Vice President, Global Strategy and Business Development. "By extending TradeDeck beyond the border to Canada to help our clients comply with Canadian IIROC and CSA, TradeDeck provides complete North American coverage, offering a full suite of market data and managed services for our customers in the region."
About ACTIV
ACTIV is a global provider of real-time, multi-asset financial market data and solutions. ACTIV offers neutral, managed services for buy and sell-side firms and technology providers seeking a complete market data solution that encompasses both global content management and data delivery. With coverage spanning more than 150 equity and derivatives exchanges around the world, ACTIV is the only truly end-to-end, independent market data utility in the industry. Founded in 2002 by market data specialists, the firm is privately owned and has offices in Chicago, New York, Tokyo, Singapore and London. More information can be found at www.activfinancial.com.
Media Contact:
Shaina Mardinly
Articulate Communications Inc.
[email protected]
212.255.0080 X 15
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Tags: Data Delivery, market data, regulation