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Wedbush Morgan Securities to Implement FTEN's "RiskXposure" Risk Management Service; Stuart Frankel & Co. has adopted FlexTrade's "FlexTRADER" Trading and Order Management System; Economist Named Chairman of COESfx Advisory Board

Wedbush Morgan Securities to Implement FTEN's "RiskXposure" Risk Management Service

Wedbush Morgan Securities has chosen real-time risk management technology service "Intraday RiskXposure," which was created by FTEN to assist black box, proprietary trading and prime brokerage clients. Harvey Cloyd, Vice President at Wedbush Morgan, said in a press release that "Intraday RiskXposure enables Wedbush Morgan to better provide intraday risk management for our black box clients and hedge funds without interfering with their fast-paced trading models. This allows us to expand our black box clearing business and increase the number of transactions we process." The service requires no integration with existing systems and introduces no latency into transaction processing.

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