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Celoxica Launches Pre-Trade Risk Surveillance
Tuesday, November 29, 2011
5:02:00 AM PDT | VentureDeal Staff
New York, New York -- Financial services technology company
Celoxica
has announced the launch of its solution for pre-trade risk surveillance.
Called AIR, the system is a hardware-accelerated in-line risk management solution that adds minimal latency for full compliance with the SEC's Market Access Rule 15c3-5.
The rule, which is commonly referred to as the "Naked Access" band, requires US brokers to exert free-trade risk management and credit checks on all client orders.
The company says that its solution ensures lowest possible latency on pre-trade risk checks via the use of embedded co-processor in the client's application server.
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