US based capital markets infrastructure technology provider Hyannis Port Research (HPR) has made its first foray into Europe with a leading global investment bank that has gone live with its Riskbot market access platform in EMEA. The platform provides trading clients with sub-microsecond direct market access to Cboe Europe, Euronext, LSE, Turquoise and Xetra.
Riskbot is a hardware-based gateway with a latency of 360 nanoseconds. It provides a number of pre-trade risk and compliance checks at both trade and portfolio level, including ‘fat finger’, client credit and regulatory compliance checks designed for regimes such as Market Abuse Regulation (MAR) and Markets in Financial Instruments Regulation’s (MiFIR) trade and transaction reporting requirements. It also implements timestamping obligations.
HPR CEO Anthony Amicangioli says: “We’re excited to expand our footprint into Europe with one of the world’s largest global investment banks now pushing a considerable portion of the overall market’s equity flow through our platform.”