February 27, 2012

Redline Trading Solutions, known for its ultra-low latency trading technology, has shifted its focus to pre-trade risk controls.

Today, the company announced the rollout of the Redline Pre-Trade Risk Solution for performing in less than one microsecond a comprehensive series of risk checks, verifications and control actions in accordance with the SEC’s Market Access Rule 15c3-5.

The SEC’s Market Access Rule 15c3-5, initially dubbed the naked access ban, mandates that broker-dealers implement risk management controls and supervisory procedures in order to protect the markets from errors in trading applications, the release notes.

Redline’s Pre-Trade Risk Solution works in conjunction with the Redline Execution Gateway to provide ultra-low latency pre-trade risk management for the most latency-sensitive applications. An easy-to-use, web-based interface enables customers to set a wide range order level and position-level risk checks that ensure compliance and protection prior to execution.

“The addition of our Pre-Trade Risk Solution to our suite of accelerated trading software allows our customers who require broker-dealer sponsored access to close the tick-to-trade loop with best in class performance,” said Mark Skalabrin, CEO of Redline Trading Solutions, in the release.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...