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Trading Technologies Expands Risk Management Offering and Post-Trade Allocation Services

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Trading Technologies, the trading software, infrastructure and data solutions vendor, through its partnership with KRM22, the risk management software company, is making the KRM22 Risk Manager available to customers on the TT platform. Incorporating KRM22’s real-time post-trade risk service will significantly enhance TT’s risk toolset, according to a recent company announcement.

KRM22’s risk scoring system aims to help users instantly assess real-time margin and liquidity, so that traders can generate alpha under the most volatile market conditions. The offering currently covers margin on existing positions and provides a wide range of analytics behind those positions, including the ability to anticipate end-of-day margin. TT also plans to add functionality for margin on open orders in 1H 2023, which will give the brokerage community new tools to manage risk at the time of the trade.

“We continue to execute on our strategy to enhance the value we bring to customers on the TT network,” commented Jason Shaffer, TT EVP Product Management. “This latest step fulfils the commitment we made earlier this year to bring powerful KRM22 risk tools into our platform.”

KRM22 CEO Stephen Casner added: “This specialized risk service, available exclusively on the TT platform, is the culmination of four years of developing the next generation of market risk services on KRM22’s Global Risk Platform. Allowing TT users real-time margin analytics across multiple exchanges with multiple margin methodologies will equip TT users to be prepared to meet the latest challenges facing futures and options traders today and well into the future.”

In a separate announcement, TT and post-trade solutions provider ATEO have entered into a strategic partnership to deliver a fully integrated, comprehensive post-trade allocation service for sell-side banks, brokers and futures commission merchants (FCMs).

The new service, which is fully integrated with TT’s order management system (OMS) and global market access platform, supports both file-based and FIX-based allocation instructions using matching rules, algorithms and routing logic built by TT and ATEO. The service, offered natively on the TT platform, covers a range of allocation scenarios, including average price, best fit near average and client-calculated average price.

“We are thrilled to partner with ATEO, which has years of valuable expertise in middle office operations and a product that is proven with a broad range of brokers and banks today,” commented Keith Todd, CEO of TT. He added: “With the increasing adoption of TT’s platform among sell-side banks, we sought to bring a comprehensive, market-leading offering to our customers. In partnering with ATEO, we have further enhanced our OMS, and when combined with the full TT suite of products and services, we can offer an unmatched value proposition. Customers will also benefit from a service that is fully hosted by TT and made available through a single licensing, commercial and support agreement with TT.”

ATEO’s CEO Laurent Courbin said: “We are extremely pleased that ATEO’s solutions will now be available through the TT platform. This agreement brings together two industry veterans who established ourselves as market leaders and innovators in our respective space over the past 20+ years. Combining the TT OMS with ATEO’s post-trade capabilities delivers a best-in-class suite of products. We are proud to work with TT to complement its offering. Customers can now benefit from our dedicated expertise while leveraging an extended pool of resources, knowledge and services.”

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